Wacker Neuson (ETR:WAC) Stock Upgrade
BNP PARIBAS boosted shares of Wacker Neuson (ETR:WAC) stock to a solid “Outperform” rating. This recent change was revealed to clients and investors in analysts note today. The broker currently has a EUR 17.00 target price on WAC.
From a total of 7 analysts covering Wacker Neuson (ETR:WAC) stock, 0 rate it a ”Buy”, 5 a “Sell”, and 4 a ”Hold”. This means that 0% of the ratings are positive. The highest target price is €22 while the lowest target price is €7. The mean of all analyst targets is €12.29 with a 35.24% above today’s (€12.94) stock price. Wacker Neuson was the topic of 5 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Bankhaus Lampe upgraded shares on November 14 to “Buy” rating.
The stock decreased 1.90% or EUR 0.25 on December 3, striking EUR 12.94. Approximately 157,305 shares of stock traded hands or 35.85% up from the average. Wacker Neuson SE (ETR:WAC) has declined 29.05% since May 1, 2015 and is downtrending. It has underperformed by 28.76% the S&P500.
Wacker Neuson SE is a Germany-based maker of light construction equipment and compact construction machines. The company has a market cap of 907.26 million EUR. The Firm is organized into three business divisions: Light equipment, Compact equipment and Services. It has 11.89 P/E ratio. The Light equipment segment covers the Company’s activities within the business fields of concrete technology, compaction and worksite technology.
According to Zacks Investment Research, “Walter Investment Management Corp., headquartered in Tampa, FL, is a Mortgage portfolio owner and mortgage servicer specializing in subprime, non-conforming and other credit challenged mortgage assets. It is a residential mortgage servicing company with divisional offices located in Atlanta, Birmingham, Charlotte, Ft. Worth and Houston. The company holds licenses as a residential mortgage lender and/or servicer in over 30 states across the US, and presently has federal mortgage lending approval as a Title II Non-Supervised HUD Mortgagee. The portfolio primarily consists of mortgages on homes built by Jim Walter Homes, Inc. and its affiliated builders. The company is one of the few remaining organizations to provide portfolio servicing through a team of full-time field-based employees. It also operates mortgage advisory and insurance product lines of business.” Get a free copy of the Zacks research report on Wacker Neuson SE (WAC).