Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $8.87 and last traded at $8.87, with a volume of 1207 shares traded. The stock had previously closed at $8.77.
Wall Street Analysts Forecast Growth
Separately, Sanford C. Bernstein lowered shares of Deutsche Lufthansa from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold".
Get Our Latest Stock Analysis on DLAKY
Deutsche Lufthansa Price Performance
The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.75 and a beta of 1.16. The business's fifty day moving average price is $8.25 and its 200-day moving average price is $7.47. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.72.
Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.17). Deutsche Lufthansa had a net margin of 3.31% and a return on equity of 12.11%. The business had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $7.93 billion. On average, research analysts forecast that Deutsche Lufthansa AG will post 0.87 EPS for the current year.
Deutsche Lufthansa Increases Dividend
The company also recently declared a dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were given a dividend of $0.2226 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a yield of 3.09%. This is a boost from Deutsche Lufthansa's previous dividend of $0.22. Deutsche Lufthansa's dividend payout ratio is presently 19.30%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC lifted its stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 892.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,270 shares of the transportation company's stock after acquiring 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 filing with the Securities & Exchange Commission.
About Deutsche Lufthansa
(
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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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