Air France-KLM (EPA:AF) Stock Upgrade
Paris-listed Air France-KLM (EPA:AF), was increased by professional analysts at HSBC today. HSBC increased its rating on the 1.96B EUR market capitalized company to a “Buy”, and decided to leave its TP of EUR 8.45 on AF shares.
From a total of 11 analysts covering Air France-KLM (EPA:AF) stock, 2 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 18% of the ratings are positive. The highest target price is €20 while the lowest target price is €14. The mean of all analyst targets is €16.68 with a 5.61% above today’s (€6.42) stock price. Air France-KLM was the topic of 12 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. HSBC upgraded shares on December 9 to “Buy” rating. Societe Generale upgraded shares to “Buy” rating and €8.50 target share price in a report from an October 6. Goldman Sachs maintained AF stock in a recent report from December 2 with “Neutral” rating. JP Morgan downgraded the rating on September 26. JP Morgan has a “Sell” rating and a €5.50 price target on shares. Finally, Kepler Cheuvreux downgraded the stock to “Reduce” rating in a report issued on an October 31.
Approximately 1.16M shares of stock traded hands. Air France KLM SA (EPA:AF) has risen 19.35% since May 6, 2015 and is uptrending. It has outperformed by 20.15% the S&P500.
The overall sentiment of institutions has decreased to 1.06 in Q2 2015. Its down 0.20, from 1.26 in 2015Q2. The ratio dropped, as 20 institutions have sold all the shares of Air France KLM SA that they owned while 50 funds have taken shares off the table. 21 funds have purchased shares for the first time while 53 added to their positions. These institutions now hold 92.76 million shares or 11.44% more than the 83.24 million shares they owned in 2015Q2.
The Fund Basswood Capital Management L.L.C. currently is holding shares equating to 7.42% of its total portfolio in Air France KLM SA representing a total of 9.35 million shares. Another fund,Decade Capital Management Llc, is holding a total of 513,593 shares equating to 1.78% of their holdings. Additionally, Polaris Capital Management Llc has a 759,015 share stake in Air France KLM SA which represents 1.48% of their total portfolio. The Fund, Smith Graham & Co. Investment Advisors Lp, based out of Texas, has also built up a stake in the stock, which represents a total of 1.07% of their total portfolio. Finally Blackthorn Investment Group Llc, a fund which is based in the state of Kansas reported a total holdings of 17,500 shares.
Air France KLM SA is an airline company. The company has a market cap of 1.96 billion EUR. The Firm is engaged in passenger transportation. It has 12.86 P/E ratio. The Company’s activities also include cargo, aeronautics maintenance and other air-transport-related activities, including catering.
According to Zacks Investment Research, “Astoria Financial Corp. is in the operation of its wholly-owned subsidiary, Astoria Federal. In addition to directing, planning and coordinating the business activities of Astoria Federal, the company invests primarily in U.S. Government and federal agency securities, mortgage-backed securities and other securities.” Get a free copy of the Zacks research report on Air France KLM SA (AF).