MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Up - Here's What Happened

Key Points

• MTU Aero Engines shares opened 2.9% higher at $214.05 after previously closing at $208.08, later trading around $214.50 on light volume.
• Analyst sentiment is mixed: Barclays downgraded the stock to “strong sell,” while Jefferies and Deutsche Bank maintained “buy” ratings. MarketBeat’s consensus rating is “Hold.”
• In its latest quarter, MTU reported $2.82 in EPS, slightly below estimates, but revenue of $2.83 billion exceeded expectations of $2.60 billion.

MTU Aero Engines AG (OTCMKTS:MTUAY - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $208.08, but opened at $214.05. MTU Aero Engines shares last traded at $214.5040, with a volume of 581 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays downgraded shares of MTU Aero Engines from an "equal weight" rating to a "strong sell" rating in a research note on Friday, August 7th. Zacks Research upgraded MTU Aero Engines from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 14th. Berenberg Bank downgraded shares of MTU Aero Engines from a "strong-buy" rating to a "hold" rating in a report on Monday, May 11th. Jefferies Financial Group reiterated a "buy" rating on shares of MTU Aero Engines in a report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of MTU Aero Engines in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold".

MTU Aero Engines Stock Up 3.3%

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 1.06. The business's fifty day simple moving average is $206.04 and its two-hundred day simple moving average is $196.17. The company has a market cap of $23.16 billion, a PE ratio of 21.05 and a beta of 1.01.

MTU Aero Engines (OTCMKTS:MTUAY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.01). The company had revenue of $2.83 billion during the quarter, compared to analysts' expectations of $2.60 billion. MTU Aero Engines had a return on equity of 23.33% and a net margin of 10.43%. On average, analysts predict that MTU Aero Engines AG will post 11.03 earnings per share for the current year.

MTU Aero Engines Company Profile

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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