Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Up – Here’s Why

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares gapped up before the market opened 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 traded.

Analysts Set New Price Targets

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

Deutsche Lufthansa Stock Down 2.2%

The company has a 50 day moving average price of $9.59 and a two-hundred day moving average price of $9.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.73. The stock has a market cap of $11.00 billion, a PE ratio of 6.74, a PEG ratio of 0.59 and a beta of 0.96.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings results on Friday, March 6th. The transportation company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). Deutsche Lufthansa had a return on equity of 13.15% and a net margin of 3.63%.The business had revenue of $11.52 billion during the quarter, compared to analysts’ expectations of $11.38 billion. Analysts expect that Deutsche Lufthansa AG will post 0.87 EPS 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.