Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Up – Here’s What Happened

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) gapped up prior to trading on Tuesday . The stock had previously closed at $9.00, but opened at $9.41. Deutsche Lufthansa shares last traded at $9.15, with a volume of 35,354 shares trading hands.

Analysts Set New Price Targets

DLAKY has been the subject of a number of recent analyst reports. Kepler Capital Markets upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 12th. Zacks Research cut Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Morgan Stanley upgraded Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a report on Wednesday, January 7th. Barclays raised Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, JPMorgan Chase & Co. upgraded Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Deutsche Lufthansa Stock Performance

The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 6.73, a P/E/G ratio of 0.44 and a beta of 0.83. The stock’s 50 day moving average price is $10.25 and its 200 day moving average price is $9.46. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 1.05.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its earnings results on Friday, March 6th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Deutsche Lufthansa had a net margin of 3.63% and a return on equity of 13.47%. The company had revenue of $11.52 billion during the quarter, compared to analyst estimates of $11.38 billion. Analysts expect that Deutsche Lufthansa AG will post 0.87 earnings per share for the current year.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.