Allianz (ETR:ALV) Stock Upgrade
The stock rating of Allianz (ETR:ALV) shares was lifted by investment analysts at Goldman Sachs Group Inc. to a respectable Buy. They currently have a target PPS of EUR 190.00 on ALV. Goldman Sachs Group Inc.’s target PPS provides a possible upside of 19.61% from the last stock close price of the company.
From a total of 22 analysts covering Allianz (ETR:ALV) stock, 6 rate it a ”Buy”, 5 a “Sell”, and 12 a ”Hold”. This means that 26% of the ratings are positive. The highest target price is €143.89 while the lowest target price is €75. The mean of all analyst targets is €117.21 with a 9.04% above today’s (€158.35) stock price. Allianz was the topic of 38 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Equinet upgraded shares on December 4 to “Buy” rating. S&P Research maintained shares with “Hold” rating and €160 target share price in a report from a November 26. Commerzbank upgraded ALV stock in a recent report from December 4 to “Buy” rating. UBS upgraded the rating on November 26. UBS has a “Buy” rating and a €181 price target on shares. Finally, Independent Research upgraded the stock to “Buy” rating in a report issued on a December 2.
The stock decreased 2.22% or EUR 3.6 on December 11, striking EUR 158.35. Approximately 1.80 million shares of stock traded hands or 20.00% up from the average. Allianz SE (ETR:ALV) has risen 3.20% since May 8, 2015 and is uptrending. It has outperformed by 6.21% the S&P500.
The overall sentiment of institutions has decreased to 0.92 in Q2 2015. Its down 0.15, from 1.07 in 2015Q2. The ratio is negative, as 30 institutions have sold all the shares of Allianz SE that they owned while 81 funds have taken shares off the table. 18 funds have purchased shares for the first time while 84 added to their positions. These institutions now hold 41.26 million shares or 31.43% more than the 31.39 million shares they owned in 2015Q2.
The Fund Alecta Pensionsforsakring Omsesidigt currently is holding shares equating to 11.04% of its total portfolio in Allianz SE representing a total of 8.46 million shares. Another fund,Beddow Capital Management Inc, is holding a total of 110,546 shares equating to 5.04% of their holdings. Additionally, Prentiss Smith & Co Inc has a 42,386 share stake in Allianz SE which represents 2.56% of their total portfolio. The Fund, Apex Capital Management, based out of Ohio, has also built up a stake in the stock, which represents a total of 1.68% of their total portfolio. Finally Matterhorn Capital Management Llc, a fund which is based in the state of Texas reported a total holdings of 26,592 shares.
Allianz SE is a holding company for Allianz Group. The company has a market cap of 72.10 billion EUR. The Firm is a financial services provider. It has 11.32 P/E ratio. It offers products and solutions in insurance and asset management.
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