Today Norddeutsche Landesbank Reiterates a Hold Rating on HeidelbergCement (ETR:HEI) and a EUR 76.00 Target Price


HeidelbergCement (ETR:HEI) Rating Reaffirmed

Frankfurt: In a comprehensive report issued to clients and investors on 27 November, Norddeutsche Landesbank kept steady their Hold rating on HeidelbergCement (ETR:HEI) shares. They now have a EUR 76.00 price target on the firm. Norddeutsche Landesbank’s target would suggest a potential upside of 1.21% from the company’s close price.

From a total of 10 analysts covering HeidelbergCement (ETR:HEI) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is €116 while the lowest target price is €72. The mean of all analyst targets is €85.78 with a 15.25% above today’s (€74.43) stock price. HeidelbergCement was the topic of 18 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Landesbank maintained shares on November 27 with “Hold” rating. Societe Generale maintained shares with “Hold” rating and €72 target share price in a report from an October 7. DZ-Bank AG upgraded HEI stock in a recent report from November 6 to “Buy” rating. Deutsche Bank upgraded the rating on September 5. Deutsche Bank has a “Buy” rating and a €82 price target on shares. Finally, Baader Wertpapierhandelsbank upgraded the stock to “Buy” rating in a report issued on a September 4.

Approximately 11,564 shares of stock traded hands. HeidelbergCement AG (ETR:HEI) has declined 12.47% since April 24, 2015 and is downtrending. It has underperformed by 11.11% the S&P500.

Today Norddeutsche Landesbank Reiterates a Hold Rating on HeidelbergCement (ETR:HEI) and a EUR 76.00 Target Price

Analysts await Heico Corp (NYSE:HEI) to reports earnings on December, 15. They expect $0.53 EPS, up 17.78% or $0.08 from last year’s $0.45 per share. HEI’s profit will be $32.55M for 24.19 P/E if the $0.53 EPS becomes reality. After $0.51 actual EPS reported by Heico Corp for the previous quarter, Wall Street now forecasts 3.92% EPS growth.

Heidelbergcement AG is a Germany-based firm engaged in the manufacture of building materials. The company has a market cap of 13.99 billion EUR. The Company’s main activities include the production and distribution of cement and aggregates, the two raw materials for the manufacture of concrete. It has 15.89 P/E ratio. Furthermore it is engaged in downstream activities, such as ready-mixed concrete, concrete products, and concrete elements, as well as other related services and products.

According to Zacks Investment Research, “Heico Corporation is engaged primarily in certain niche segments of the aviation, defense, space and electronics industries through its Hollywood, FL-based HEICO Aerospace Holdings Corp. subsidiary and its Miami, FL-based HEICO Electronic Technologies Corp. subsidiary. HEICO’s customers include a majority of the world’s airlines and airmotives as well as numerous defense and space contractors and military agencies worldwide in addition to telecommunications, electronics and medical equipment manufacturers.” Get a free copy of the Zacks research report on HeidelbergCement AG (HEI)