MTU Aero Engines (OTCMKTS:MTUAY) Raised to Strong-Buy at Kepler Capital Markets

Key Points

• Kepler Capital Markets upgraded MTU Aero Engines (OTCMKTS:MTUAY) from a "hold" to a "strong-buy" rating.
• Analyst coverage remains mixed with 1 Strong Buy, 2 Buy, 4 Hold and 1 Sell, leaving the consensus average rating at "Hold."
• MTU reported quarterly EPS of $2.67 on $2.83 billion in revenue with an 11.74% net margin and 23.32% ROE; the stock opened at $184.27, has a market cap of about $19.85 billion and a P/E of 17.21.

MTU Aero Engines (OTCMKTS:MTUAY - Get Free Report) was upgraded by stock analysts at Kepler Capital Markets from a "hold" rating to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the stock. Zacks Research cut shares of MTU Aero Engines from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 16th. Citigroup reissued a "sell" rating on shares of MTU Aero Engines in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold".

MTU Aero Engines Stock Up 0.3%

Shares of MTU Aero Engines stock opened at $184.27 on Tuesday. The company has a fifty day moving average price of $206.76 and a 200 day moving average price of $212.37. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54. MTU Aero Engines has a twelve month low of $146.31 and a twelve month high of $238.57. The stock has a market cap of $19.85 billion, a price-to-earnings ratio of 17.21 and a beta of 1.16.

MTU Aero Engines (OTCMKTS:MTUAY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $2.67 earnings per share for the quarter. The firm had revenue of $2.83 billion during the quarter. MTU Aero Engines had a net margin of 11.74% and a return on equity of 23.32%. Equities research analysts forecast that MTU Aero Engines will post 8.69 earnings per share for the current fiscal year.

About MTU Aero Engines

MTU Aero Engines AG is a German aircraft engine manufacturer headquartered in Munich that develops, manufactures and services commercial and military aero engines as well as industrial gas turbines. The company's activities span the entire engine lifecycle, from conceptual design and development through production of modules and components to aftermarket maintenance, repair and overhaul (MRO). MTU supplies parts and technical solutions for a broad range of jet engines and turbomachinery used by airlines, MRO providers and defense customers.

In addition to core engine development and manufacturing, MTU offers comprehensive aftermarket services including scheduled and unscheduled maintenance, spare parts distribution, repair technologies and fleet support programs.

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