Deutsche Lufthansa (OTCMKTS:DLAKY) Receives Hold Rating from Berenberg Bank

Deutsche Lufthansa (OTCMKTS:DLAKY)‘s stock had its “hold” rating restated by equities researchers at Berenberg Bank in a research report issued to clients and investors on Wednesday, July 31st, AnalystRatings.com reports. They currently have a $15.50 price target on the transportation company’s stock. Berenberg Bank’s price objective would indicate a potential upside of 4.87% from the company’s current price.

Other equities research analysts have also issued reports about the company. HSBC lowered Deutsche Lufthansa from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Deutsche Lufthansa in a research note on Friday, July 5th. Nord/LB lowered Deutsche Lufthansa from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Credit Suisse Group reiterated a “neutral” rating on shares of Deutsche Lufthansa in a research note on Tuesday, July 23rd. Finally, Sanford C. Bernstein lowered Deutsche Lufthansa from an “outperform” rating to a “market perform” rating in a research note on Monday, July 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.50.

DLAKY traded up $0.09 on Wednesday, hitting $14.78. 38,142 shares of the stock traded hands, compared to its average volume of 49,831. Deutsche Lufthansa has a 52 week low of $14.22 and a 52 week high of $28.07. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $6.99 billion, a PE ratio of 4.32 and a beta of 0.91. The business has a fifty day moving average price of $16.24 and a two-hundred day moving average price of $20.83.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.54 earnings per share (EPS) for the quarter. Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.82%. The firm had revenue of $10.83 billion for the quarter.

A hedge fund recently raised its stake in Deutsche Lufthansa stock. Quadrant Capital Group LLC increased its holdings in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 36.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,111 shares of the transportation company’s stock after acquiring an additional 1,643 shares during the period. Quadrant Capital Group LLC’s holdings in Deutsche Lufthansa were worth $129,000 at the end of the most recent quarter. 0.09% of the stock is owned by hedge funds and other institutional investors.

About Deutsche Lufthansa

Deutsche Lufthansa AG operates as an aviation company in Germany and internationally. It operates through Network Airlines, Point-to-Point Airlines, Logistics, MRO, Catering segments. The Network Airlines segment offers passenger services through a route network of 263 destinations in 86 countries. The Point-to-Point Airlines segment provides passenger services through a route network of 192 destinations in 62 countries.

See Also: What is a price target?

Analyst Recommendations for Deutsche Lufthansa (OTCMKTS:DLAKY)

Receive News & Ratings for Deutsche Lufthansa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Lufthansa and related companies with MarketBeat.com's FREE daily email newsletter.