MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Up – Time to Buy?

MTU Aero Engines AG (OTCMKTS:MTUAY) shares gapped up before the market opened 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 changing hands.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MTUAY. Kepler Capital Markets raised shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. BNP Paribas Exane assumed coverage on shares of MTU Aero Engines in a report on Monday, April 13th. They issued an “outperform” rating for the company. UBS Group lowered shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a report on Friday, April 24th. Citigroup restated a “sell” rating on shares of MTU Aero Engines in a report on Wednesday, February 25th. Finally, Zacks Research lowered shares of MTU Aero Engines from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

MTU Aero Engines Stock Down 2.4%

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 company has a market capitalization of $19.48 billion, a P/E ratio of 16.91 and a beta of 1.02. The company has a 50-day moving average of $189.27 and a two-hundred day moving average of $206.86.

MTU Aero Engines (OTCMKTS:MTUAY) last released its quarterly earnings results on Tuesday, February 24th. The company reported $2.67 earnings per share for the quarter. The company had revenue of $2.83 billion for the quarter. MTU Aero Engines had a return on equity of 24.07% and a net margin of 11.28%. On average, research analysts predict that MTU Aero Engines AG will post 11.47 EPS 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.