Axel Springer (ETR:SPR) Rating Reaffirmed
Frankfurt: In an interesting research report shared with investors and clients on Friday morning, Nomura maintained their Neutral rating on Axel Springer (ETR:SPR) shares. They now have a EUR 59.00 target price per share on the firm. Nomura’s target would possibly suggest a potential upside of 16.88% from the company’s previous close.
From a total of 15 analysts covering Axel Springer (ETR:SPR) stock, 9 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is €70 while the lowest target price is €37. The mean of all analyst targets is €60.07 with a 11.74% above today’s (€50.52) stock price. Axel Springer was the topic of 29 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 10 with “Hold” rating. Bankhaus Lampe maintained shares with “Hold” rating and €58 target share price in a report from a November 5. Berenberg downgraded SPR stock in a recent report from December 1 to “Sell” rating. Landesbank upgraded the rating on November 5. Landesbank has a “Accumulate” rating and a €60 price target on shares. Finally, DZ-Bank AG upgraded the stock to “Buy” rating in a report issued on a November 5.
The stock decreased 2.24% or EUR 1.16 on December 10, striking EUR 50.52. Approximately 162,639 shares of stock traded hands or 28.40% up from the average. Axel Springer SE (ETR:SPR) has declined 6.91% since May 8, 2015 and is downtrending. It has underperformed by 4.98% the S&P500.
The overall sentiment of institutions has decreased to 1.41 in Q2 2015. Its down 0.16, from 1.57 in 2015Q2. The ratio dived, as 30 institutions have sold all the shares of Axel Springer SE that they owned while 91 funds have taken shares off the table. 41 funds have purchased shares for the first time while 130 added to their positions. These institutions now hold 124.71 million shares or 8.57% less than the 136.41 million shares they owned in 2015Q2.
The Fund Newtyn Management Llc currently is holding shares equating to 21.85% of its total portfolio in Axel Springer SE representing a total of 1.75 million shares. Another fund,Darsana Capital Partners Lp, is holding a total of 4.80 million shares equating to 13.97% of their holdings. Additionally, Banbury Partners Llc has a 606,840 share stake in Axel Springer SE which represents 12.14% of their total portfolio. The Fund, Hound Partners Llc, based out of New York, has also built up a stake in the stock, which represents a total of 12.03% of their total portfolio. Finally Aravt Global Llc, a fund which is based in the state of New York reported a total holdings of 2.63 million shares.
Axel Springer SE is a Germany-based media holding firm that is engaged in publishing newspapers and magazines, as well as the operation of digital sales channels. The company has a market cap of 5.02 billion EUR. The Company’s business activities are divided into five business divisions: Newspaper National; Magazines National; Print International; Digital Media, and Services/Holding. It has 23.73 P/E ratio. The Newspapers National segment includes German newspapers and advertising supplements.
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