MTU Aero Engines (OTCMKTS:MTUAY) Lowered to “Sell” at Zacks Investment Research

MTU Aero Engines (OTCMKTS:MTUAYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, 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. “

MTUAY has been the subject of several other reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of MTU Aero Engines from €221.00 ($232.63) to €232.00 ($244.21) and gave the stock a “buy” rating in a report on Thursday, February 17th. JPMorgan Chase & Co. raised their target price on MTU Aero Engines from €220.00 ($231.58) to €245.00 ($257.89) in a report on Monday, March 14th. Morgan Stanley boosted their price target on MTU Aero Engines from €176.00 ($185.26) to €178.00 ($187.37) and gave the stock an “underweight” rating in a research note on Thursday, February 17th. Barclays cut shares of MTU Aero Engines from an “overweight” rating to an “equal weight” rating in a research note on Monday, March 28th. Finally, Oddo Bhf cut MTU Aero Engines from an “outperform” rating to a “neutral” rating in a report on Wednesday, April 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $218.33.

Shares of MTUAY opened at $98.94 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 1.37. MTU Aero Engines has a fifty-two week low of $91.69 and a fifty-two week high of $132.53. The firm has a 50-day simple moving average of $109.64 and a 200-day simple moving average of $107.48. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 39.90 and a beta of 1.40.

MTU Aero Engines (OTCMKTS:MTUAYGet Rating) last posted its quarterly earnings data on Wednesday, February 16th. The company reported $1.14 earnings per share for the quarter. MTU Aero Engines had a return on equity of 12.42% and a net margin of 5.53%. The company had revenue of $1.35 billion during the quarter. Equities research analysts forecast that MTU Aero Engines will post 4.49 EPS for the current year.

About MTU Aero Engines (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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