Deutsche Lufthansa (OTCMKTS:DLAKY) Sets New 12-Month High - Should You Buy?

Key Points

• Deutsche Lufthansa AG shares reached a new **52-week high** of $9.24, reflecting a **3.7% increase** in stock value.
• Analysts have mixed ratings on the stock, with five giving a **hold rating** and one a **strong buy rating**, leading to an average rating of **"Hold."**
• The company reported **earnings per share of $0.95**, surpassing estimates, and generated **$11.85 billion** in revenue for its latest quarter.

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $9.24 and last traded at $9.21, with a volume of 77272 shares trading hands. The stock had previously closed at $8.84.

Wall Street Analysts Forecast Growth

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

Deutsche Lufthansa Stock Up 3.7%

The business has a fifty day moving average of $8.42 and a 200 day moving average of $7.61. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.72. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of 5.49, a P/E/G ratio of 1.66 and a beta of 1.23.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.45. Deutsche Lufthansa had a return on equity of 17.23% and a net margin of 4.76%. The company 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 year.

Institutional Investors Weigh In On Deutsche Lufthansa

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC boosted its stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 11,248.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,809 shares of the transportation company's stock after buying 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.

About Deutsche Lufthansa

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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