MTU Aero Engines (OTCMKTS:MTUAY) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of MTU Aero Engines (OTCMKTS:MTUAY) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday morning,Zacks reports.

A number of other equities analysts also recently weighed in on MTUAY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of MTU Aero Engines in a research note on Thursday, August 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of MTU Aero Engines in a research report on Thursday, August 13th. Citigroup upgraded MTU Aero Engines from a “sell” rating to a “buy” rating in a report on Thursday, September 24th. Finally, Barclays downgraded MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

MTU Aero Engines Stock Up 0.8%

Shares of MTUAY traded up $1.50 during trading hours on Wednesday, reaching $192.12. 11,754 shares of the stock traded hands, compared to its average volume of 18,920. The company has a current ratio of 1.42, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50. The stock has a fifty day simple moving average of $197.50 and a 200 day simple moving average of $198.03. MTU Aero Engines has a 52 week low of $157.93 and a 52 week high of $238.57. The company has a market cap of $20.70 billion, a price-to-earnings ratio of 19.39 and a beta of 1.10.

MTU Aero Engines (OTCMKTS:MTUAY) last released its quarterly earnings results on Thursday, October 29th. The company reported $2.63 earnings per share for the quarter, hitting the consensus estimate of $2.63. MTU Aero Engines had a net margin of 9.87% and a return on equity of 22.52%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.78 billion. On average, equities analysts forecast that MTU Aero Engines will post 10.64 EPS for the current year.

About MTU Aero Engines

MTU Aero Engines AG is a Germany-based manufacturer of aircraft engines and engine components. The company develops, produces, and supports commercial and military propulsion systems, as well as industrial gas turbines. Its activities cover the full engine life cycle, including design, engineering, manufacturing, assembly, maintenance, repair, and overhaul.

MTU supplies major engine modules, components, and complete propulsion systems for a range of aircraft. The company participates in international programs such as the Pratt & Whitney GTF family for commercial aircraft, the EJ200 engine for the Eurofighter, and the TP400-D6 engine for the Airbus A400M military transport aircraft.