Fraport (ETR:FRA) Stock Upgrade
Warburg Research upgraded shares of Fraport (ETR:FRA) to a solid “Buy” rating in recent note revealed to investors and clients on 18 December. Analysts currently have a EUR 67.00 price target set on the stock. This price target may mean a possible upside of 13.39% from the current price of the stock.
From a total of 10 analysts covering Fraport (ETR:FRA) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 60% of the ratings are positive. The highest target price is €74 while the lowest target price is €54. The mean of all analyst targets is €64.30 with a 9.09% above today’s (€58.94) stock price. Fraport was the topic of 19 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Equinet maintained shares on December 16 with “Neutral” rating. Societe Generale upgraded shares to “Buy” rating and €74 target share price in a report from an October 30. Deutsche Bank upgraded FRA stock in a recent report from December 1 to “Buy” rating. Barclays Capital downgraded the rating on October 29. Barclays Capital has a “Underweight” rating and a €54 price target on shares. Finally, Independent Research upgraded the stock to “Buy” rating in a report issued on a November 11.
The stock increased 0.43% or EUR 0.25 on December 17, striking EUR 58.94. Approximately 171,756 shares of stock traded hands or 18.76% up from the average. Fraport AG Frankfurt Airport Srvs Wrldwd (ETR:FRA) has declined 8.87% since May 15, 2015 and is downtrending. It has underperformed by 6.61% the S&P500.
The overall sentiment of institutions has increased to 1.55 in Q2 2015. Its up 0.34, from 1.21 in 2015Q2. The ratio improved, as 8 institutions have sold all the shares of Fraport AG Frankfurt Airport Srvs Wrldwd that they owned while 14 funds have taken shares off the table. 10 funds have purchased shares for the first time while 24 added to their positions. These institutions now hold 9.32 million shares or 11.44% more than the 8.36 million shares they owned in 2015Q2.
The Fund Restructuring Capital Associates Lp currently is holding shares equating to 4.79% of its total portfolio in Fraport AG Frankfurt Airport Srvs Wrldwd representing a total of 334,058 shares. Another fund,Aegon Usa Investment Management Llc, is holding a total of 610,374 shares equating to 1.9% of their holdings. Additionally, Alpha Cubed Investments Llc has a 542,430 share stake in Fraport AG Frankfurt Airport Srvs Wrldwd which represents 1.85% of their total portfolio. The Fund, Newgate Capital Management Llc, based out of Connecticut, has also built up a stake in the stock, which represents a total of 1.71% of their total portfolio. Finally Mariner Investment Group Llc, a fund which is based in the state of New York reported a total holdings of 552,754 shares.
Fraport Frankfurt Airport Services Worldwide AG is a Germany firm engaged in the airport services sector. The company has a market cap of 5.38 billion EUR. The Firm owns and operates airport hubs. It has 19.86 P/E ratio. The Company’s activities are carried out in four divisions.