MTU Aero Engines (OTCMKTS:MTUAY) Sees Large Volume Increase – Still a Buy?

Shares of MTU Aero Engines AG (OTCMKTS:MTUAY) saw unusually-high trading volume on Tuesday . Approximately 101,448 shares were traded during mid-day trading, an increase of 296% from the previous session’s volume of 25,642 shares.The stock last traded at $181.88 and had previously closed at $182.26.

Analysts Set New Price Targets

Several equities analysts have commented on MTUAY shares. Citigroup reiterated a “sell” rating on shares of MTU Aero Engines in a report on Wednesday, February 25th. Kepler Capital Markets cut shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Zacks Research downgraded shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

MTU Aero Engines Stock Performance

The firm’s 50 day moving average price is $216.42 and its 200-day moving average price is $214.83. The firm has a market cap of $19.53 billion, a price-to-earnings ratio of 16.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.39 and a quick ratio of 1.04.

MTU Aero Engines (OTCMKTS:MTUAY) last released its earnings results on Tuesday, February 24th. The company reported $2.67 EPS for the quarter. MTU Aero Engines had a net margin of 11.74% and a return on equity of 24.66%. The firm had revenue of $2.83 billion during the quarter. On average, analysts anticipate that MTU Aero Engines AG will post 8.69 earnings per share for the current year.

MTU Aero Engines Company Profile

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.