Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Up Following Analyst Upgrade

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares gapped up before the market opened on Monday after Kepler Capital Markets upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $9.4820, but opened at $9.98. Deutsche Lufthansa shares last traded at $10.00, with a volume of 5,138 shares.

Several other research analysts also recently issued reports on the company. JPMorgan Chase & Co. upgraded Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Morgan Stanley assumed coverage on Deutsche Lufthansa in a research report on Wednesday, October 15th. They issued an “underweight” rating for the company. Finally, Citigroup cut Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Institutional Investors Weigh In On Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC boosted its holdings in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,270 shares of the transportation company’s stock after buying an additional 8,336 shares during the period. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 as of its most recent SEC filing.

Deutsche Lufthansa Price Performance

The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.05. The stock’s 50-day moving average is $8.91 and its 200-day moving average is $8.78. The firm has a market cap of $11.95 billion, a P/E ratio of 6.19, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Deutsche Lufthansa had a net margin of 4.45% and a return on equity of 15.73%. The business had revenue of $13.06 billion during the quarter, compared to analyst estimates of $12.98 billion. As a group, equities analysts anticipate that Deutsche Lufthansa AG will post 0.87 EPS for the current fiscal year.

About Deutsche Lufthansa

Deutsche Lufthansa AG operates as an aviation company worldwide. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul Services (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.