Deutsche Lufthansa (OTCMKTS:DLAKY) Hits New 12-Month High - Here's What Happened

Key Points

• Deutsche Lufthansa's shares hit a new 52-week high of $9.39, achieving a trading volume of 55,281 shares.
• The company reported a quarterly earnings per share of $0.95, significantly exceeding analysts' expectations of $0.50.
• Several analysts have adjusted their ratings, with five maintaining a hold rating and one assigning a strong buy rating to the stock.

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $9.39 and last traded at $9.39, with a volume of 55281 shares. The stock had previously closed at $9.29.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DLAKY. Sanford C. Bernstein downgraded Deutsche Lufthansa from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 2nd. Barclays raised Deutsche Lufthansa from an "underweight" rating to an "equal weight" rating in a report on Monday, August 4th. Finally, DZ Bank raised Deutsche Lufthansa from a "strong sell" rating to a "hold" rating in a report on Friday, August 1st. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold".

Deutsche Lufthansa Trading Up 1.0%

The stock has a market capitalization of $11.25 billion, a P/E ratio of 5.62, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. The stock has a 50-day moving average price of $8.52 and a two-hundred day moving average price of $7.70. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.72 and a current ratio of 0.80.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.45. The firm had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.81 billion. Deutsche Lufthansa had a return on equity of 17.23% and a net margin of 4.76%. On average, research analysts forecast that Deutsche Lufthansa AG will post 0.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Deutsche Lufthansa

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC grew its stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 11,248.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,809 shares of the transportation company's stock after acquiring an additional 6,749 shares during the quarter. GAMMA Investing LLC's holdings in Deutsche Lufthansa were worth $50,000 at the end of the most recent quarter.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG operates as an aviation company worldwide. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul Services (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.

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