Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Up – Still a Buy?

Deutsche Lufthansa AG (OTCMKTS:DLAKY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $8.90, but opened at $9.39. Deutsche Lufthansa shares last traded at $9.24, with a volume of 8,041 shares changing hands.

Analysts Set New Price Targets

Several brokerages have commented on DLAKY. Zacks Research downgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. The Goldman Sachs Group lowered shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Morgan Stanley upgraded shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research report on Wednesday, January 7th. Finally, Barclays upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Deutsche Lufthansa presently has an average rating of “Hold”.

Deutsche Lufthansa Price Performance

The business’s 50-day moving average price is $9.51 and its 200 day moving average price is $9.49. The stock has a market capitalization of $10.67 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 0.58 and a beta of 0.96. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.73 and a current ratio of 0.81.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings results on Friday, March 6th. The transportation company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The firm had revenue of $11.52 billion for the quarter, compared to analysts’ expectations of $11.38 billion. Deutsche Lufthansa had a net margin of 3.63% and a return on equity of 13.15%. Research analysts forecast that Deutsche Lufthansa AG will post 1.22 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.