Deutsche Lufthansa (OTCMKTS:DLAKY) Reaches New 1-Year High – Here’s Why

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $11.36 and last traded at $11.36, with a volume of 88418 shares trading hands. The stock had previously closed at $11.18.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DLAKY shares. Zacks Research upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. The Goldman Sachs Group cut shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Morgan Stanley downgraded shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 26th. Finally, Barclays lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Deutsche Lufthansa has an average rating of “Reduce”.

Deutsche Lufthansa Price Performance

The company’s 50-day simple moving average is $9.67 and its 200 day simple moving average is $9.77. The company has a market capitalization of $13.63 billion, a P/E ratio of 7.56, a P/E/G ratio of 1.27 and a beta of 0.97. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.94.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings results on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.35). Deutsche Lufthansa had a net margin of 3.83% and a return on equity of 13.46%. The business had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.29 billion. As a group, sell-side analysts expect that Deutsche Lufthansa AG will post 1.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deutsche Lufthansa

An institutional investor recently bought a new stake in Deutsche Lufthansa stock. Sterling Capital Management LLC purchased a new position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.