MTU Aero Engines AG (OTCMKTS:MTUAY) Stock Short Interest Report for October

MTU Aero Engines AG (OTCMKTS:MTUAY) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 2,039 shares, a decline of 81.0% from the October 15th total of 10,749 shares. Based on an average daily trading volume, of 41,230 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Zacks Research downgraded MTU Aero Engines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 4th. Citigroup upgraded MTU Aero Engines from a “sell” rating to a “buy” rating in a report on Thursday, September 24th. Barclays cut MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a research report on Friday, August 7th. Deutsche Bank reiterated a “buy” rating on shares of MTU Aero Engines in a research note on Thursday, August 13th. Finally, Jefferies Financial Group restated a “buy” rating on shares of MTU Aero Engines in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

MTU Aero Engines Stock Down 1.6%

Shares of MTU Aero Engines stock traded down $3.22 on Thursday, reaching $196.49. 9,296 shares of the company were exchanged, compared to its average volume of 27,925. The company has a market cap of $21.17 billion, a P/E ratio of 19.83 and a beta of 1.10. The stock’s 50 day moving average price is $197.37 and its 200-day moving average price is $197.71. 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 has a 1-year low of $157.93 and a 1-year high of $238.57.

MTU Aero Engines (OTCMKTS:MTUAY) last posted its earnings results on Thursday, October 29th. The company reported $2.63 earnings per share for the quarter, meeting the consensus estimate of $2.63. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.78 billion. MTU Aero Engines had a return on equity of 22.52% and a net margin of 9.87%. As a group, equities analysts forecast that MTU Aero Engines will post 10.64 EPS for the current year.

MTU Aero Engines Company Profile

MTU Aero Engines AG is a German aerospace company that develops, manufactures and supports engines and engine components for commercial and military aircraft. Its work includes designing and producing specialized modules and parts, such as high-pressure compressors and low-pressure turbines, often in collaboration with international engine manufacturers. The company also provides maintenance, repair and overhaul services for aircraft engines and components. Through facilities and service operations in multiple regions, MTU supports airlines, engine manufacturers and other customers around the world.