Axel Springer (ETR:SPR) Rating Reaffirmed
Deutsche Bank AG now has a EUR 56.00 PT on the 5.20 billion EUR market cap company or 8.09% upside potential. In a comprehensive report shared with investors and clients on Thursday morning, Axel Springer (ETR:SPR) shares have had their “Hold” Rating has restated by investment advisers at Deutsche Bank AG.
From a total of 15 analysts covering Axel Springer (ETR:SPR) stock, 9 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is €70 while the lowest target price is €37. The mean of all analyst targets is €60.07 with a 9.23% above today’s (€51.68) stock price. Axel Springer was the topic of 28 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on December 4 with “Neutral” rating. Bankhaus Lampe maintained shares with “Hold” rating and €58 target share price in a report from a November 5. JP Morgan maintained SPR stock in a recent report from November 18 with “Neutral” rating. Warburg Research upgraded the rating on October 30. Warburg Research has a “Buy” rating and a €60 price target on shares. Finally, Landesbank upgraded the stock to “Accumulate” rating in a report issued on a November 5.
The stock decreased 0.50% or EUR 0.26 on December 9, striking EUR 51.68. Approximately 130,022 shares of stock traded hands or 4.68% up from the average. Axel Springer SE (ETR:SPR) has declined 4.98% since May 7, 2015 and is downtrending. It has underperformed by 4.19% the S&P500.
The overall sentiment of institutions has decreased to 1.41 in Q2 2015. Its down 0.16, from 1.57 in 2015Q2. The ratio turned negative, as 30 institutions have sold all the shares of Axel Springer SE that they owned while 91 funds have taken shares off the table. 41 funds have purchased shares for the first time while 130 added to their positions. These institutions now hold 124.71 million shares or 8.57% less than the 136.41 million shares they owned in 2015Q2.
The Fund Newtyn Management Llc currently is holding shares equating to 21.85% of its total portfolio in Axel Springer SE representing a total of 1.75 million shares. Another fund,Darsana Capital Partners Lp, is holding a total of 4.80 million shares equating to 13.97% of their holdings. Additionally, Banbury Partners Llc has a 606,840 share stake in Axel Springer SE which represents 12.14% of their total portfolio. The Fund, Hound Partners Llc, based out of New York, has also built up a stake in the stock, which represents a total of 12.03% of their total portfolio. Finally Aravt Global Llc, a fund which is based in the state of New York reported a total holdings of 2.63 million shares.
Axel Springer SE is a Germany-based media holding firm that is engaged in publishing newspapers and magazines, as well as the operation of digital sales channels. The company has a market cap of 5.20 billion EUR. The Company’s business activities are divided into five business divisions: Newspaper National; Magazines National; Print International; Digital Media, and Services/Holding. It has 24.28 P/E ratio. The Newspapers National segment includes German newspapers and advertising supplements.
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