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

Key Points

• Deutsche Lufthansa shares gapped higher, opening at $8.1165 versus a prior close of $7.86, but later traded near $8.02. The stock remains below its 50-day and 200-day moving averages of $8.71 and $9.43, respectively.
• Analyst sentiment is broadly negative: one analyst rates the stock Strong Buy, one Hold, and five Sell, resulting in a consensus “Reduce” rating. Zacks Research and Citigroup recently downgraded the shares to “Strong Sell.”
• Lufthansa’s latest quarterly EPS of $0.13 missed the $0.34 consensus estimate, although revenue of $12.84 billion exceeded expectations. Analysts expect full-year EPS of approximately $0.93.

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $7.86, but opened at $8.1165. Deutsche Lufthansa shares last traded at $8.02, with a volume of 8,105 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Zacks Research cut Deutsche Lufthansa from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 1st. Citigroup lowered Deutsche Lufthansa from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Reduce".

Deutsche Lufthansa Stock Performance

The company has a fifty day moving average price of $8.71 and a two-hundred day moving average price of $9.43. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 0.54 and a beta of 0.97. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.86 and a quick ratio of 0.78.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last released its earnings results on Tuesday, August 4th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.21). Deutsche Lufthansa had a return on equity of 5.74% and a net margin of 1.63%. The firm had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.76 billion. As a group, equities research analysts expect that Deutsche Lufthansa AG will post 0.93 EPS for the current year.

Institutional Trading of Deutsche Lufthansa

A number of hedge funds and other institutional investors have recently made changes to their positions in DLAKY. Fulton Bank N.A. acquired a new position in shares of Deutsche Lufthansa in the 2nd quarter worth $120,000. GAMMA Investing LLC boosted its position in shares of Deutsche Lufthansa by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company's stock valued at $159,000 after purchasing an additional 4,779 shares during the period. Finally, Sterling Capital Management LLC acquired a new position in shares of Deutsche Lufthansa in the 1st quarter valued at $204,000.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a Germany-based aviation group and the parent company of the Lufthansa Group. Its principal business is the transportation of passengers and cargo through a portfolio of airlines serving domestic, European and international markets. The group's major passenger carriers include Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines.

In addition to scheduled passenger flights, the Lufthansa Group provides air cargo services through Lufthansa Cargo and aircraft maintenance, repair and overhaul services through Lufthansa Technik.

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