Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Up - Time to Buy?

Key Points

• Shares of Deutsche Lufthansa gapped up pre-market, opening at $9.60 versus the prior close of $9.10 and last trading at $9.40 on a volume of 43,220 shares.
• Analysts are split—Morgan Stanley upgraded to overweight while Goldman Sachs downgraded to sell, but the MarketBeat consensus remains Hold (1 Strong Buy, 1 Buy, 6 Hold, 1 Sell).
• The company missed quarterly EPS ($0.24 vs. $0.26 est.) but beat revenue, and the stock trades at a low P/E of 6.90 with a market cap of $11.26 billion.

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $9.10, but opened at $9.60. Deutsche Lufthansa shares last traded at $9.40, with a volume of 43,220 shares changing hands.

Analyst Ratings Changes

DLAKY has been the topic of a number of research reports. Morgan Stanley raised shares of Deutsche Lufthansa from an "underweight" rating to an "overweight" rating in a research report on Wednesday, January 7th. Barclays raised shares of Deutsche Lufthansa from a "strong sell" rating to a "hold" rating in a research report on Monday, March 9th. The Goldman Sachs Group downgraded shares of Deutsche Lufthansa from a "neutral" rating to a "sell" rating in a research report on Friday, March 20th. Finally, Zacks Research downgraded shares of Deutsche Lufthansa from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold".

Deutsche Lufthansa Stock Performance

The business's 50-day moving average price is $9.71 and its 200-day moving average price is $9.47. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.03. The stock has a market cap of $11.26 billion, a PE ratio of 6.90, a P/E/G ratio of 0.48 and a beta of 0.96.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last issued its quarterly earnings data on Friday, March 6th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.02). Deutsche Lufthansa had a return on equity of 13.15% and a net margin of 3.63%.The firm had revenue of $11.52 billion during the quarter, compared to analysts' expectations of $11.38 billion. As a group, equities research analysts expect that Deutsche Lufthansa AG will post 0.87 earnings per share for the current fiscal year.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world's largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group's passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.

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