MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Up - Should You Buy?

Key Points

• Shares jumped ~10%: MTU Aero Engines' stock gapped up before trading, opening at $183.51 from $167.69 and last trading near $184.64 (MarketBeat reported the stock was trading up 10.4%).
• Analyst sentiment is mixed: Ratings range from Strong Buy to Strong Sell (one Strong Buy, three Buy, two Hold, three Sell), leaving an average rating of "Hold."
• Solid recent fundamentals: The company reported quarterly EPS of $2.67 on $2.83 billion revenue, has a market cap around $19.94 billion and a P/E of 17.28, with analysts forecasting about 11.47 EPS for the year.

MTU Aero Engines AG (OTCMKTS:MTUAY - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $167.69, but opened at $183.51. MTU Aero Engines shares last traded at $184.64, with a volume of 379 shares.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group downgraded shares of MTU Aero Engines from a "hold" rating to a "sell" rating in a research note on Friday, April 24th. Zacks Research downgraded shares of MTU Aero Engines from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 15th. Citigroup restated a "sell" rating on shares of MTU Aero Engines in a research note on Wednesday, February 25th. BNP Paribas Exane began coverage on MTU Aero Engines in a research report on Monday, April 13th. They set an "outperform" rating on the stock. Finally, Kepler Capital Markets upgraded MTU Aero Engines from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold".

MTU Aero Engines Trading Up 10.4%

The firm has a market capitalization of $19.94 billion, a P/E ratio of 17.28 and a beta of 1.02. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $190.94 and a 200-day moving average price of $207.29.

MTU Aero Engines (OTCMKTS:MTUAY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $2.67 EPS for the quarter. The business had revenue of $2.83 billion for the quarter. MTU Aero Engines had a return on equity of 23.32% and a net margin of 11.74%. Analysts anticipate that MTU Aero Engines AG will post 11.47 earnings per share for the current 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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