MTU Aero Engines (OTCMKTS:MTUAY) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of MTU Aero Engines (OTCMKTS:MTUAY) from a hold rating to a strong sell rating in a report released on Wednesday morning,Zacks.com reports.

Several other research firms also recently commented on MTUAY. Citigroup reissued a “sell” rating on shares of MTU Aero Engines in a report on Wednesday, February 25th. Kepler Capital Markets raised shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Finally, BNP Paribas Exane initiated coverage on shares of MTU Aero Engines in a research note on Monday. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

MTU Aero Engines Stock Performance

OTCMKTS:MTUAY opened at $202.94 on Wednesday. The stock has a 50-day moving average price of $202.51 and a 200 day moving average price of $211.28. The stock has a market capitalization of $21.86 billion, a P/E ratio of 18.95 and a beta of 1.16. MTU Aero Engines has a 12-month low of $152.93 and a 12-month high of $238.57. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54.

MTU Aero Engines (OTCMKTS:MTUAY) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $2.67 EPS for the quarter. MTU Aero Engines had a return on equity of 23.32% and a net margin of 11.74%.The company had revenue of $2.83 billion for the quarter. Equities research analysts forecast that MTU Aero Engines will post 8.69 EPS for the current fiscal 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.