Should Investors Turn Their Attention to HeidelbergCement (ETR:HEI)? Jefferies & Company Inc. Has Just Upgraded the Stock


HeidelbergCement (ETR:HEI) Stock Upgrade

Trading of shares of HeidelbergCement (ETR:HEI) will be interesting to watch this afternoon as Jefferies & Company Inc. upgraded the stock to a Buy.

From a total of 1 analysts covering HeidelbergCement (ETR:HEI) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is €58 while the lowest target price is €58. The mean of all analyst targets is €58 with a 22.46% above today’s (€70.05) 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.

The stock decreased 1.06% or EUR 0.75 on December 14, striking EUR 70.05. Approximately 565,302 shares of stock traded hands. HeidelbergCement AG (ETR:HEI) has declined 12.47% since May 12, 2015 and is downtrending. It has underperformed by 8.05% the S&P500.

 Should Investors Turn Their Attention to HeidelbergCement (ETR:HEI)? Jefferies & Company Inc. Has Just Upgraded the Stock

The overall sentiment of institutions has decreased to 0.96 in Q2 2015. Its down 0.18, from 1.14 in 2015Q2. The ratio dropped, as 24 institutions have sold all the shares of HeidelbergCement AG that they owned while 57 funds have taken shares off the table. 21 funds have purchased shares for the first time while 57 added to their positions. These institutions now hold 25.62 million shares or 41.86% more than the 18.06 million shares they owned in 2015Q2.

The Fund Stone Run Capital Llc currently is holding shares equating to 1.93% of its total portfolio in HeidelbergCement AG representing a total of 49,650 shares. Another fund,Weatherbie Capital Llc, is holding a total of 248,760 shares equating to 1.41% of their holdings. Additionally, Riverbridge Partners Llc has a 1.24 million share stake in HeidelbergCement AG which represents 1.25% of their total portfolio. The Fund, Copeland Capital Management Llc, based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 1.05% of their total portfolio. Finally K.J. Harrison & Partners Inc, a fund which is based in the state of Ontario – Canada reported a total holdings of 35,900 shares.

Heidelbergcement AG is a Germany-based firm engaged in the manufacture of building materials. The company has a market cap of 13.16 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 14.96 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.”