Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Up – Should You Buy?

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) gapped up before the market opened on Monday. The stock had previously closed at $7.86, but opened at $8.1165. Deutsche Lufthansa shares last traded at $8.02, with a volume of 8,105 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup cut 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 research note on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Deutsche Lufthansa Stock Down 0.1%

The stock’s fifty day simple moving average is $8.66 and its 200-day simple moving average is $9.54.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.21). The firm had revenue of $12.84 billion for the quarter, compared to analysts’ expectations of $12.76 billion. As a group, sell-side analysts expect that Deutsche Lufthansa AG will post 0.93 EPS for the current year.

Institutional Investors Weigh In On Deutsche Lufthansa

A number of institutional investors and hedge funds have recently modified their holdings of DLAKY. GAMMA Investing LLC boosted its position in Deutsche Lufthansa by 52.1% in the second quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock valued at $159,000 after buying an additional 4,779 shares during the last quarter. Fulton Bank N.A. acquired a new position in Deutsche Lufthansa in the 2nd quarter worth approximately $120,000. Finally, Sterling Capital Management LLC purchased a new position in Deutsche Lufthansa during the 1st quarter worth approximately $204,000.

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.