Deutsche Lufthansa AG (OTCMKTS: DLAKY) according to the average rating of “hold” by brokerage firms
Deutsche Lufthansa AG (OTCMKTS: DLAKY) has been given a consensus recommendation to “Keep” from the eighteen brokerage houses that hedge the stock, reports MarketBeat Ratings. Seven investment analysts rated the stock with a sell recommendation, eight issued a hold recommendation and three issued a buy recommendation on the company. The 12-month average target price among analysts who updated their stock coverage in the past year is $ 9.05.
DLAKY has been the subject of several research reports. Oddo Bhf downgraded Deutsche Lufthansa shares from an “underperforming” to a “neutral” rating and set a price target of € 7.20 ($ 8.18) for the company in a rating. looking for Thursday, November 4. Exane BNP Paribas rated Deutsche Lufthansa shares from an “underperforming” rating to a “neutral” rating in a research note on Wednesday, November 17th. Zacks Investment Research downgraded Deutsche Lufthansa shares from a “hold” rating to a “sell” rating in a research report released on Tuesday, December 7. Sanford C. Bernstein upgraded Deutsche Lufthansa shares from a “market performance” rating to an “outperformance” rating in a research report published on Monday, November 8. Finally, the Berenberg Bank upgraded Deutsche Lufthansa’s shares from a “sell” note to a “keep” note in a research report published on Tuesday, October 19.
A hedge fund recently increased its stake in shares of Deutsche Lufthansa. Parametric Portfolio Associates LLC increased its stake in Deutsche Lufthansa AG (OTCMKTS: DLAKY) by 5.1% in the 2nd quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission. The company held 476,607 shares of the transport company after purchasing an additional 23,163 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.08% of Deutsche Lufthansa for a value of $ 5,379,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.08% of the company’s shares.
DLAKY shares opened at $ 7.06 on Wednesday. The company has a market cap of $ 4.22 billion, a P / E ratio of -1.11 and a beta of 1.21. Deutsche Lufthansa has a 12-month low of $ 6.11 and a 12-month high of $ 15.56. The company has a current ratio of 0.85, a quick ratio of 0.81, and a debt ratio of 3.87. The company has a fifty-day moving average price of $ 6.95 and a 200-day moving average price of $ 9.45.
Deutsche Lufthansa (OTCMKTS: DLAKY) last released its quarterly profit data on Tuesday, November 2. The transportation company reported ($ 0.18) earnings per share for the quarter, beating the Zacks’ consensus estimate ($ 0.34) by $ 0.16. Deutsche Lufthansa had a negative net margin of 22.37% and a negative return on equity of 118.69%. The company posted sales of $ 6.14 billion in the quarter. Analysts expect Deutsche Lufthansa to post earnings per share of -3.36 for the current year.
About Deutsche Lufthansa
Deutsche Lufthansa AG provides air transport services for passengers, freight and freight. It operates through the following segments: Network Airlines, Eurowings, Logistics, Maintenance, Repair, Overhaul, Restoration and Additional Activities and Group Functions. The Network Airlines segment includes Lufthansa German Airlines, SWISS and Austrian Airlines.
Recommended Story: How Does The Beige Book Influence Monetary Policy?
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Deutsche Lufthansa now?
Before you consider Deutsche Lufthansa, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly asking their clients to buy now before the wider market takes hold of … and Deutsche Lufthansa was not on the list.
While Deutsche Lufthansa currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here