Fraport (ETR:FRA) Rating Reaffirmed
Frankfurt: In a comprehensive report distributed to Clients on 16 December, equinet AG has restated their Neutral rating on Fraport (ETR:FRA) shares. They now have a EUR 61.00 PT on the firm. equinet AG’s target may mean a potential upside of 5.23% from the company’s previous close.
From a total of 10 analysts covering Fraport (ETR:FRA) stock, 7 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 70% of the ratings are positive. The highest target price is €74 while the lowest target price is €54. The mean of all analyst targets is €64.30 with a 10.98% above today’s (€57.94) stock price. Fraport was the topic of 18 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Warburg Research upgraded shares on December 11 to “Buy” rating. Barclays Capital downgraded shares to “Underweight” rating and €54 target share price in a report from an October 29. Landesbank maintained FRA stock in a recent report from November 26 with “Hold” rating. HSBC maintained the rating on October 20. HSBC has a “Hold” rating and a €60 price target on shares. Finally, Societe Generale upgraded the stock to “Buy” rating in a report issued on an October 30.
The stock increased 3.52% or EUR 1.97 on December 15, striking EUR 57.94. Approximately 164,815 shares of stock traded hands or 16.53% up from the average. Fraport AG Frankfurt Airport Srvs Wrldwd (ETR:FRA) has declined 10.58% since May 13, 2015 and is downtrending. It has underperformed by 6.90% the S&P500.
The overall sentiment of institutions has increased to 1.55 in Q2 2015. Its up 0.34, from 1.21 in 2015Q2. The ratio is positive, as 8 institutions have sold all the shares of Fraport AG Frankfurt Airport Srvs Wrldwd that they owned while 14 funds have taken shares off the table. 10 funds have purchased shares for the first time while 24 added to their positions. These institutions now hold 9.32 million shares or 11.44% more than the 8.36 million shares they owned in 2015Q2.
The Fund Restructuring Capital Associates Lp currently is holding shares equating to 4.79% of its total portfolio in Fraport AG Frankfurt Airport Srvs Wrldwd representing a total of 334,058 shares. Another fund,Aegon Usa Investment Management Llc, is holding a total of 610,374 shares equating to 1.9% of their holdings. Additionally, Alpha Cubed Investments Llc has a 542,430 share stake in Fraport AG Frankfurt Airport Srvs Wrldwd which represents 1.85% of their total portfolio. The Fund, Newgate Capital Management Llc, based out of Connecticut, has also built up a stake in the stock, which represents a total of 1.71% of their total portfolio. Finally Mariner Investment Group Llc, a fund which is based in the state of New York reported a total holdings of 552,754 shares.
Fraport Frankfurt Airport Services Worldwide AG is a Germany firm engaged in the airport services sector. The company has a market cap of 5.35 billion EUR. The Firm owns and operates airport hubs. It has 19.52 P/E ratio. The Company’s activities are carried out in four divisions.