Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Down - Should You Sell?
Deutsche Lufthansa's stock (OTCMKTS:DLAKY) opened lower at $8.67 from a previous close of $9.12, last trading at $8.95. Analysts have mixed ratings: DZ Bank upgraded to 'hold', Citigroup downgraded to 'hold', and Barclays upgraded to 'equal weight'. The stock has a 'Reduce' consensus rating. Recent earnings beat estimates slightly, with $0.95 EPS and $13.06 billion revenue. An institutional investor, GAMMA Investing LLC, significantly increased its holdings in the company.
Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $9.12, but opened at $8.67. Deutsche Lufthansa shares last traded at $8.95, with a volume of 14,597 shares.
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DLAKY has been the topic of a number of analyst reports. DZ Bank upgraded Deutsche Lufthansa from a "strong sell" rating to a "hold" rating in a report on Friday, August 1st. Citigroup lowered Deutsche Lufthansa from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 23rd. Morgan Stanley initiated coverage on shares of Deutsche Lufthansa in a research report on Wednesday, October 15th. They set an "underweight" rating for the company. Finally, Barclays upgraded shares of Deutsche Lufthansa from an "underweight" rating to an "equal weight" rating in a report on Monday, August 4th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Deutsche Lufthansa presently has a consensus rating of "Reduce".
Check Out Our Latest Stock Analysis on DLAKY
Deutsche Lufthansa Stock Performance
The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 5.32, a P/E/G ratio of 0.97 and a beta of 1.11. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 1.08. The firm has a 50-day moving average of $8.62 and a 200-day moving average of $8.49.
Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.01. The business had revenue of $13.06 billion for the quarter, compared to the consensus estimate of $12.98 billion. Deutsche Lufthansa had a return on equity of 17.19% and a net margin of 4.76%. As a group, sell-side analysts predict that Deutsche Lufthansa AG will post 0.87 earnings per share for the current year.
Hedge Funds Weigh In On Deutsche Lufthansa
An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC boosted its holdings in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 892.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,270 shares of the transportation company's stock after buying an additional 8,336 shares during the quarter. GAMMA Investing LLC's holdings in Deutsche Lufthansa were worth $78,000 at the end of the most recent reporting period.
About Deutsche Lufthansa
(Get Free Report)Deutsche Lufthansa AG operates as an aviation company worldwide. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul Services (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.
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