Deutsche Lufthansa (OTCMKTS:DLAKY) Cut to Market Perform at Sanford C. Bernstein

Sanford C. Bernstein cut shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from an outperform rating to a market perform rating in a research note issued to investors on Wednesday, Marketbeat.com reports.

Separately, Barclays lowered Deutsche Lufthansa from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Deutsche Lufthansa Stock Down 0.5%

Shares of OTCMKTS:DLAKY opened at $8.58 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The business has a fifty day moving average of $7.82 and a two-hundred day moving average of $7.22. The stock has a market cap of $10.28 billion, a P/E ratio of 7.53, a PEG ratio of 1.52 and a beta of 1.16. Deutsche Lufthansa has a 52-week low of $5.69 and a 52-week high of $8.78.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.78) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.17). Deutsche Lufthansa had a return on equity of 12.11% and a net margin of 3.31%. The business had revenue of $9.25 billion for the quarter, compared to analysts’ expectations of $7.93 billion. On average, research analysts expect that Deutsche Lufthansa will post 0.87 earnings per share for the current year.

Deutsche Lufthansa Increases Dividend

The business also recently announced a dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were issued a $0.2226 dividend. The ex-dividend date was Thursday, May 8th. This represents a dividend yield of 3.09%. This is a positive change from Deutsche Lufthansa’s previous dividend of $0.22. Deutsche Lufthansa’s payout ratio is presently 19.30%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC lifted its holdings in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 11,248.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,809 shares of the transportation company’s stock after buying an additional 6,749 shares during the quarter. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $50,000 as of its most recent SEC filing.

Deutsche Lufthansa Company Profile

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.