MTU Aero Engines (OTCMKTS:MTUAY) Stock Rating Upgraded by Zacks Investment Research

MTU Aero Engines (OTCMKTS:MTUAYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “MTU Aero Engines Holding AG engages in the development, manufacture, marketing and support of commercial and military aircraft engines in all thrust and power categories and industrial gas turbines both nationally and internationally. The company operates in two segments, OEM business and MRO business. The OEM business segment designs and manufactures modules and components, and carries out final assembly work on complete engines; and offers commercial and military engine products, spare parts for commercial and military engines, and military MRO develops and manufactures industrial gas turbines. It also develops and manufactures engine modules and components, and spare parts; supervises engine final assembly; and provides maintenance support for the military market. MTU Aero Engines Holding AG is headquartered in Munich, Germany. “

Several other brokerages also recently weighed in on MTUAY. Morgan Stanley upped their target price on MTU Aero Engines from €176.00 ($189.25) to €178.00 ($191.40) and gave the stock an “underweight” rating in a research report on Thursday, February 17th. Deutsche Bank Aktiengesellschaft upped their target price on MTU Aero Engines from €221.00 ($237.63) to €232.00 ($249.46) and gave the stock a “buy” rating in a research report on Thursday, February 17th. Oddo Bhf downgraded MTU Aero Engines from an “outperform” rating to a “neutral” rating in a research report on Wednesday, April 13th. JPMorgan Chase & Co. upped their target price on MTU Aero Engines from €220.00 ($236.56) to €245.00 ($263.44) in a research report on Monday, March 14th. Finally, Barclays downgraded MTU Aero Engines from an “overweight” rating to an “equal weight” rating in a research report on Monday, March 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $218.33.

Shares of OTCMKTS:MTUAY opened at $102.61 on Wednesday. The firm has a market capitalization of $10.97 billion, a PE ratio of 41.38 and a beta of 1.40. The business has a 50-day moving average of $111.44 and a two-hundred day moving average of $107.92. MTU Aero Engines has a 12 month low of $91.69 and a 12 month high of $132.53.

MTU Aero Engines (OTCMKTS:MTUAYGet Rating) last announced its quarterly earnings results on Wednesday, February 16th. The company reported $1.14 EPS for the quarter. MTU Aero Engines had a return on equity of 12.52% and a net margin of 5.53%. The company had revenue of $1.35 billion during the quarter. As a group, research analysts predict that MTU Aero Engines will post 4.49 EPS for the current year.

MTU Aero Engines Company Profile (Get Rating)

MTU Aero Engines AG, together with its subsidiaries, develops, manufactures, markets, and maintains commercial and military engines, and aero derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally. It operates through two segments, Commercial and Military Engine Business; and Commercial Maintenance Business.

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