Zacks Investment Research Upgrades MTU Aero Engines (OTCMKTS:MTUAY) to “Hold”

Zacks Investment Research upgraded shares of MTU Aero Engines (OTCMKTS:MTUAYGet Rating) from a sell rating to a hold rating in a research report released 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. “

Several other equities analysts have also recently commented on the stock. 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 research report on Thursday, February 17th. Morgan Stanley lifted their target price on MTU Aero Engines from €176.00 ($185.26) to €178.00 ($187.37) and gave the stock an underweight rating in a research report on Thursday, February 17th. JPMorgan Chase & Co. upped their price target on MTU Aero Engines from €245.00 ($257.89) to €255.00 ($268.42) in a research report on Thursday, May 5th. Oddo Bhf downgraded shares of MTU Aero Engines from an outperform rating to a neutral rating in a research report on Wednesday, April 13th. Finally, Barclays lowered MTU Aero Engines from an overweight rating to an equal weight rating in a report on Monday, March 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, MTU Aero Engines presently has an average rating of Hold and a consensus target price of $221.67.

Shares of OTCMKTS MTUAY opened at $93.91 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 1 year low of $90.86 and a 1 year high of $132.53. The stock’s 50-day simple moving average is $106.78 and its 200-day simple moving average is $106.81. The firm has a market cap of $10.04 billion, a price-to-earnings ratio of 37.87 and a beta of 1.41.

MTU Aero Engines (OTCMKTS:MTUAYGet Rating) last issued 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 firm 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.

The company also recently declared a dividend, which will be paid on Tuesday, May 24th. Shareholders of record on Monday, May 9th will be paid a $0.8009 dividend. The ex-dividend date is Friday, May 6th. This represents a dividend yield of 0.8%. MTU Aero Engines’s payout ratio is currently 32.26%.

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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