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

MTU Aero Engines AG (OTCMKTS:MTUAY) shares gapped down before the market opened on Friday. The stock had previously closed at $187.51, but opened at $177.41. MTU Aero Engines shares last traded at $178.30, with a volume of 2,056 shares traded.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MTUAY. Citigroup upgraded shares of MTU Aero Engines from a “sell” rating to a “buy” rating in a research note on Thursday, September 24th. Barclays downgraded shares of MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of MTU Aero Engines in a research note on Thursday, August 13th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of MTU Aero Engines in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

MTU Aero Engines Trading Down 5.4%

The stock has a market cap of $19.12 billion, a PE ratio of 17.38 and a beta of 1.03. The stock has a 50-day moving average price of $202.85 and a two-hundred day moving average price of $194.80. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 1.06.

MTU Aero Engines (OTCMKTS:MTUAY) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.01). The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.60 billion. MTU Aero Engines had a net margin of 10.43% and a return on equity of 22.42%. Sell-side analysts forecast that MTU Aero Engines AG will post 11.32 earnings per share for the current fiscal year.

MTU Aero Engines Company Profile

MTU Aero Engines AG is a Germany-based manufacturer of aircraft engines and engine components. The company develops, produces, and supports commercial and military propulsion systems, as well as industrial gas turbines. Its activities cover the full engine life cycle, including design, engineering, manufacturing, assembly, maintenance, repair, and overhaul.

MTU supplies major engine modules, components, and complete propulsion systems for a range of aircraft. The company participates in international programs such as the Pratt & Whitney GTF family for commercial aircraft, the EJ200 engine for the Eurofighter, and the TP400-D6 engine for the Airbus A400M military transport aircraft.