Deutsche Lufthansa (OTCMKTS:DLAKY) Hits New 52-Week High - Should You Buy?

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.

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) shares 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.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein cut shares of Deutsche Lufthansa from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 2nd. DZ Bank upgraded shares of Deutsche Lufthansa from a "strong sell" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Barclays upgraded shares of Deutsche Lufthansa from an "underweight" rating to an "equal weight" rating in a research note on Monday, August 4th. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Deutsche Lufthansa currently has an average rating of "Hold".

Deutsche Lufthansa Trading Up 1.1%

The firm's 50-day moving average is $8.61 and its 200 day moving average is $7.77. The company has a current ratio of 0.80, a quick ratio of 0.72 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $11.61 billion, a price-to-earnings ratio of 5.80, a P/E/G ratio of 1.49 and a beta of 1.23.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC raised its holdings in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 892.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,270 shares of the transportation company's stock after purchasing an additional 8,336 shares during the quarter. GAMMA Investing LLC's holdings in Deutsche Lufthansa were worth $78,000 as of its most recent SEC filing.

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.