equinet AG Gives Deutsche Lufthansa (ETR:LHA) a Higher Rating. Will Other Analysts Follow Suit?


Deutsche Lufthansa (ETR:LHA) Stock Upgrade

In a note sent to investors on 4 December, equinet AG hiked the shares of Deutsche Lufthansa (ETR:LHA) to a respectable Buy rating. They currently have a EUR 20.00 price target on the stock. This price target provides a possible upside of 47.38% from the previous close of Deutsche Lufthansa (ETR:LHA) shares.

From a total of 17 analysts covering Deutsche Lufthansa (ETR:LHA) stock, 6 rate it a ”Buy”, 6 a “Sell”, and 5 a ”Hold”. This means that 35% of the ratings are positive. The highest target price is €20 while the lowest target price is €10. The mean of all analyst targets is €13.93 with a 3.03% above today’s (€13.52) stock price. Deutsche Lufthansa was the topic of 28 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Nomura upgraded shares on December 3 to “Buy” rating. HSBC upgraded shares to “Buy” rating and €15 target share price in a report from an October 20. Credit Suisse downgraded LHA stock in a recent report from November 13 to “Underperform” rating. Equinet upgraded the rating on October 17. Equinet has a “Buy” rating and a €20 price target on shares. Finally, Kepler Cheuvreux upgraded the stock to “Buy” rating in a report issued on an October 31.

The stock decreased 1.49% or EUR 0.2 on December 3, striking EUR 13.52. Approximately 6.51 million shares of stock traded hands or 10.71% up from the average. Deutsche Lufthansa AG (ETR:LHA) has risen 6.00% since November 4, 2015 and is uptrending. It has outperformed by 6.29% the S&P500.

 equinet AG Gives Deutsche Lufthansa (ETR:LHA) a Higher Rating. Will Other Analysts Follow Suit?

Deutsche Lufthansa AG is an aviation company. The company has a market cap of 6.28 billion EUR. The Firm is engaged in passenger transport, airfreight and airline services. It has 2.75 P/E ratio. The Firm operates in five divisions: scheduled passenger air traffic through Deutsche Lufthansa AG, Lufthansa CityLine GmbH, Swiss International Air Lines AG, Austrian Airlines AG, Air Dolomiti S.p.A., Eurowings Luftverkehrs AG and Germanwings GmbH; scheduled airfreight services (Logistics) through Lufthansa Cargo group; maintenance, repair and overhaul (MRO) through the Lufthansa Technik group; information technology (IT Services) through Lufthansa Systems group, and catering (Catering) through LSG Lufthansa Sky Chefs group.