MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Down – Time to Sell?

MTU Aero Engines AG (OTCMKTS:MTUAY) gapped down before the market opened on Tuesday . The stock had previously closed at $196.28, but opened at $187.53. MTU Aero Engines shares last traded at $187.84, with a volume of 862 shares trading hands.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup reaffirmed a “sell” rating on shares of MTU Aero Engines in a report on Wednesday, February 25th. Kepler Capital Markets upgraded MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Zacks Research cut MTU Aero Engines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 15th. Finally, BNP Paribas Exane began coverage on shares of MTU Aero Engines in a research note on Monday, April 13th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, MTU Aero Engines has a consensus rating of “Hold”.

MTU Aero Engines Stock Performance

The company has a market capitalization of $18.93 billion, a price-to-earnings ratio of 16.41 and a beta of 1.16. The stock has a 50 day simple moving average of $199.97 and a 200 day simple moving average of $210.20. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.54.

MTU Aero Engines (OTCMKTS:MTUAY) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $2.67 earnings per share for the quarter. MTU Aero Engines had a return on equity of 23.32% and a net margin of 11.74%.The business had revenue of $2.83 billion for the quarter. As a group, analysts anticipate that MTU Aero Engines AG will post 11.47 earnings per share for the current fiscal year.

About MTU Aero Engines

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.