MTU Aero Engines (OTCMKTS:MTUAY) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of MTU Aero Engines (OTCMKTS:MTUAY) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada upgraded MTU Aero Engines to a “hold” rating in a report on Tuesday, November 18th. Citigroup reissued a “sell” rating on shares of MTU Aero Engines in a research note on Wednesday, February 25th. Finally, Kepler Capital Markets lowered MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

MTU Aero Engines Stock Performance

Shares of OTCMKTS:MTUAY opened at $190.73 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $219.02 and a 200-day moving average price of $215.67. The company has a market cap of $20.53 billion, a price-to-earnings ratio of 17.81 and a beta of 1.09. MTU Aero Engines has a 12 month low of $145.02 and a 12 month high of $238.57.

MTU Aero Engines (OTCMKTS:MTUAY) last posted its earnings results on Tuesday, February 24th. The company reported $2.67 earnings per share (EPS) for the quarter. MTU Aero Engines had a return on equity of 24.66% and a net margin of 11.74%.The company had revenue of $2.83 billion for the quarter. As a group, equities analysts anticipate that MTU Aero Engines will post 8.69 EPS 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.