Finally Time For Investors to Buy? Norddeutsche Landesbank Upgrades Carl Zeiss Meditec (ETR:AFX), With EUR 31.00 Target

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Carl Zeiss Meditec (ETR:AFX) Stock Upgrade

In an analyst research report released on Friday, 18 December, Norddeutsche Landesbank has hiked shares of Carl Zeiss Meditec (ETR:AFX) stock to a solid Buy and has set an estimated 12-month target PPS to EUR 31.00. This target is 12.77% from AFX’s current share price.

From a total of 7 analysts covering Carl Zeiss Meditec (ETR:AFX) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 57% of the ratings are positive. The highest target price is €29 while the lowest target price is €19.80. The mean of all analyst targets is €26.29 with a -3.98% below today’s (€27.38) stock price. Carl Zeiss Meditec was the topic of 10 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Jefferies downgraded shares on December 17 to “Underperform” rating. Independent Research maintained shares with “Hold” rating and €26 target share price in a report from an August 12. Landesbank upgraded AFX stock in a recent report from October 13 to “Buy” rating. Kepler Cheuvreux upgraded the rating on August 7. Kepler Cheuvreux has a “Buy” rating and a €28 price target on shares. Finally, Berenberg upgraded the stock to “Buy” rating in a report issued on a September 15.

The stock increased 0.26% or EUR 0.07 on December 17, striking EUR 27.38. Approximately 87,171 shares of stock traded hands or 118.03% up from the average. Carl Zeiss Meditec AG (ETR:AFX) has declined 6.80% since May 21, 2015 and is downtrending. It has underperformed by 4.54% the S&P500.

 Finally Time For Investors to Buy? Norddeutsche Landesbank Upgrades Carl Zeiss Meditec (ETR:AFX), With EUR 31.00 Target

Carl Zeiss Meditec AG is a Germany-based medical technology solutions supplier. The company has a market cap of 2.08 billion EUR. The Firm operates, along with its subsidiaries, in two business areas: Ophthalmology and Microsurgery. It has 32.12 P/E ratio. The Ophthalmology business area is subdivided into two business units: the Ophthalmology systems unit covers a range of laser and diagnostic systems for ophthalmology, and the Surgical Ophthalmology unit combines the Company’s activities in the field of ophthalmic implants and disposables.

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