Drillisch (ETR:DRI) Rating Reaffirmed
Drillisch (ETR:DRI) just had their share rating of a ‘Hold’ issued by research analysts at Kepler Cheuvreux, who now has a EUR 45.00 Estimated Target Price on the 2.12B EUR market cap company or a 15.24% upside potential. This key information was revealed in recent note on 17 December.
From a total of 22 analysts covering Drillisch (ETR:DRI) stock, 10 rate it a ”Buy”, 1 a “Sell”, and 17 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is €81 while the lowest target price is €53. The mean of all analyst targets is €67.36 with a 14.59% above today’s (€39.01) stock price. Drillisch was the topic of 25 analyst reports since July 6, 2015 according to the firm StockzIntelligence Inc. DZ-Bank AG maintained shares on December 16 with “Hold” rating. Oddo & Cie maintained shares with “Neutral” rating and €44 target share price in a report from a November 14. Berenberg upgraded DRI stock in a recent report from November 17 to “Buy” rating. Bankhaus Lampe upgraded the rating on November 13. Bankhaus Lampe has a “Buy” rating and a €51 price target on shares. Finally, Warburg Research maintained the stock with “Hold” rating in a report issued on a November 14.
The stock increased 0.71% or EUR 0.28 on December 16, striking EUR 39.01. Approximately 512,144 shares of stock traded hands or 71.14% up from the average. Drillisch AG (ETR:DRI) has declined 6.47% since May 14, 2015 and is downtrending. It has underperformed by 3.84% the S&P500.
The overall sentiment of institutions has decreased to 0.87 in Q2 2015. Its down 0.33, from 1.2 in 2015Q2. The ratio turned negative, as 60 institutions have sold all the shares of Drillisch AG that they owned while 208 funds have taken shares off the table. 63 funds have purchased shares for the first time while 169 added to their positions. These institutions now hold 121.18 million shares or 17.50% more than the 103.13 million shares they owned in 2015Q2.
The Fund Starboard Value Lp currently is holding shares equating to 17.81% of its total portfolio in Drillisch AG representing a total of 11.64 million shares. Another fund,13D Management Llc, is holding a total of 409,373 shares equating to 7.47% of their holdings. Additionally, Starwood Real Estate Securities Llc has a 105,552 share stake in Drillisch AG which represents 3.92% of their total portfolio. The Fund, Argent Capital Management Llc, based out of Missouri, has also built up a stake in the stock, which represents a total of 2.83% of their total portfolio. Finally Roosevelt Investment Group Inc, a fund which is based in the state of New York reported a total holdings of 558,669 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 26, 2015, shareholders of Drillisch AG have witnessed 3 insider purchases, and a total of 4 sales equating to a net activity of approximately $3.10 million . Sonsteby Charles M bought 500 shares worth approximately $33,205. Fogarty James P bought 2,900 shares worth approximately $204,450. Insignares Valerie L. sold 5,090 shares worth approximately $377,280. Richmond C Bradford sold 15,620 shares worth approximately $1.17M. The company insider George David C sold 11,768 shares worth $840,918.
Drillisch AG is a Germany-based holding firm and a well-known provider of telecommunications services. The company has a market cap of 2.12 billion EUR. The Firm provides a portfolio of services and products from the field of mobile voice and data services. It has 37.72 P/E ratio. The Firm operates, along with its subsidiaries, in two business divisions: Telecommunications and Software Services.
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