MTU Aero Engines (OTCMKTS:MTUAY) Shares Break Above 200 Day Moving Average – Here’s Why

MTU Aero Engines AG (OTCMKTS:MTUAY) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $197.92 and traded as high as $201.26. MTU Aero Engines shares last traded at $200.23, with a volume of 15,195 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently commented on MTUAY. Citigroup upgraded MTU Aero Engines from a “sell” rating to a “buy” rating in a report on Thursday, September 24th. Jefferies Financial Group reiterated a “buy” rating on shares of MTU Aero Engines in a report on Thursday, August 13th. Deutsche Bank reissued a “buy” rating on shares of MTU Aero Engines in a research report on Thursday, August 13th. Barclays lowered shares of MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, Zacks Research cut shares of MTU Aero Engines from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

MTU Aero Engines Price Performance

The business has a fifty day simple moving average of $197.37 and a two-hundred day simple moving average of $197.71. The company has a current ratio of 1.42, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50. The stock has a market cap of $21.52 billion, a PE ratio of 20.15 and a beta of 1.10.

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