Deutsche Lufthansa (OTCMKTS:DLAKY) Hits New 12-Month High – Time to Buy?

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $11.46 and last traded at $11.46, with a volume of 12026 shares. The stock had previously closed at $11.06.

Analysts Set New Price Targets

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

Deutsche Lufthansa Stock Performance

The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 1.26 and a beta of 0.96. The firm has a 50 day moving average price of $9.77 and a 200-day moving average price of $9.79. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.73.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Deutsche Lufthansa stock. Sterling Capital Management LLC acquired a new stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

About Deutsche Lufthansa

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.