Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Up After Strong Earnings

Deutsche Lufthansa AG (OTCMKTS:DLAKY) gapped up prior to trading on Tuesday following a stronger than expected earnings report. The stock had previously closed at $8.29, but opened at $8.88. Deutsche Lufthansa shares last traded at $8.7650, with a volume of 22,704 shares changing hands.

The transportation company reported $1.47 EPS for the quarter, beating the consensus estimate of $0.82 by $0.65. Deutsche Lufthansa had a net margin of 1.63% and a return on equity of 5.74%.

Analysts Set New Price Targets

A number of analysts recently weighed in on DLAKY shares. Citigroup lowered shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Zacks Research lowered Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Deutsche Lufthansa presently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Deutsche Lufthansa

Large investors have recently modified their holdings of the company. Sterling Capital Management LLC acquired a new stake in shares of Deutsche Lufthansa in the first quarter valued at approximately $204,000. Fulton Bank N.A. acquired a new position in shares of Deutsche Lufthansa in the 2nd quarter valued at $120,000. Finally, GAMMA Investing LLC increased its holdings in shares of Deutsche Lufthansa by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock valued at $159,000 after acquiring an additional 4,779 shares during the period.

Deutsche Lufthansa Stock Up 6.1%

The business’s fifty day moving average price is $8.59 and its 200 day moving average price is $9.50. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.55 and a beta of 0.97. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 1.02.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a Germany-based aviation group and the parent company of the Lufthansa Group. Its principal business is the transportation of passengers and cargo through a portfolio of airlines serving domestic, European and international markets. The group’s major passenger carriers include Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines.

In addition to scheduled passenger flights, the Lufthansa Group provides air cargo services through Lufthansa Cargo and aircraft maintenance, repair and overhaul services through Lufthansa Technik.