HOCHTIEF (ETR:HOT) Stock Upgrade
Shares of HOCHTIEF (ETR:HOT) stock were raised to a “Buy” by research analysts at Bankhaus Lampe KG, who now have a price target set at EUR 100.00 on HOT. This target is 24.41% from HOT’s current share price.
From a total of 20 analysts covering HOCHTIEF (ETR:HOT) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 12 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is €93 while the lowest target price is €73. The mean of all analyst targets is €84.25 with a 11.58% above today’s (€80.3) stock price. HOCHTIEF was the topic of 15 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on December 3 to “Buy” rating. Bank of America maintained shares with “Neutral” rating and €81 target share price in a report from an August 17. Bankhaus Lampe upgraded HOT stock in a recent report from November 20 to “Buy” rating. S&P Research upgraded the rating on August 4. S&P Research has a “Buy” rating and a €88 price target on shares. Finally, Baader Wertpapierhandelsbank maintained the stock with “Hold” rating in a report issued on a September 10.
The stock decreased 2.98% or EUR 2.47 on December 14, striking EUR 80.3. Approximately 228,731 shares of stock traded hands or 110.17% up from the average. HOCHTIEF AG (ETR:HOT) has declined 19.41% since May 12, 2015 and is downtrending. It has underperformed by 15.00% the S&P500.
The overall sentiment of institutions has decreased to 0.81 in Q2 2015. Its down 0.12, from 0.93 in 2015Q2. The ratio worsened, as 74 institutions have sold all the shares of HOCHTIEF AG that they owned while 178 funds have taken shares off the table. 61 funds have purchased shares for the first time while 142 added to their positions. These institutions now hold 140.48 million shares or 6.73% less than the 150.61 million shares they owned in 2015Q2.
The Fund Long Pond Capital Lp currently is holding shares equating to 5.01% of its total portfolio in HOCHTIEF AG representing a total of 1.74 million shares. Another fund,Para Advisors Llc, is holding a total of 25,000 shares equating to 4.46% of their holdings. Additionally, Grs Advisors Llc has a 564,307 share stake in HOCHTIEF AG which represents 4.43% of their total portfolio. The Fund, Sorin Capital Management Llc, based out of Connecticut, has also built up a stake in the stock, which represents a total of 3.43% of their total portfolio. Finally Starwood Real Estate Securities Llc, a fund which is based in the state of Connecticut reported a total holdings of 93,694 shares.
Hochtief AG is a Germany-based holding firm engaged in the construction industry. The company has a market cap of 5.57 billion EUR. Through its subsidiaries, Hochtief delivers construction and civil engineering projects for the transportation, energy and urban infrastructure industries, and the mining industry. It currently has negative earnings. It operates three business divisions: Hochtief Americas coordinates construction activities in the United States, Canada and Brazil; Hochtief Asia Pacific covers construction activities in Asia and Australia involving building, infrastructure and contract mining projects; and Hochtief Europe conducts construction projects in Europe and select regions worldwide involving real estate and transport infrastructure, such as tunnels, bridges, airports, marine ports and sports stadiums.
According to Zacks Investment Research, “Starwood Hotels & Resorts Worldwide, Inc. is one of the world’s largest hotel operating companies. The company conducts their hotel business both directly and through the subsidiaries, including ITT Sheraton Corporation, Starwood Hotels & Resorts and CIGA S.p.A. The brand names include Sheraton, Westin, St. Regis/Luxury Collection, W and Four Points. Through these brands, the company is represented in most major markets of the world.”