November 23, 2016 - By Louis Casey
Trading of LEONI (ETR:LEO)‘s shares is going to be interesting today. DZ BANK increased the stock to a Buy.
Out of 26 analysts covering LEONI (ETR:LEO), 8 rate it a “Buy”, 7 “Sell”, while 11 “Hold”. This means 31% are positive. €76 is the highest target while €7 is the lowest. The €21.71 average target is -30.24% below today’s (€31.12) stock price. LEONI has been the topic of 207 analyst reports since July 16, 2015 according to StockzIntelligence Inc. On Wednesday, November 23 the stock rating was upgraded by DZ BANK to “Buy”. The stock has “Reduce” rating given by Kepler Cheuvreux on Monday, September 28. The stock of LEONI AG (ETR:LEO) has “Outperform” rating given on Thursday, November 12 by Bernstein. The stock of LEONI AG (ETR:LEO) earned “Accumulate” rating by Equinet on Saturday, October 8. The company was maintained on Tuesday, February 23 by Independent Research. The firm has “Hold” rating given on Wednesday, April 27 by DZ-Bank AG. The firm has “Reduce” rating by HSBC given on Wednesday, February 10. Bankhaus Lampe maintained LEONI AG (ETR:LEO) rating on Wednesday, February 24. Bankhaus Lampe has “Hold” rating and €26 price target. The firm earned “Hold” rating on Wednesday, February 24 by DZ-Bank AG. Kepler Cheuvreux downgraded LEONI AG (ETR:LEO) rating on Thursday, June 9. Kepler Cheuvreux has “Reduce” rating and €23 price target.
About 97,695 shares traded hands. LEONI AG (ETR:LEO) has declined 9.63% since April 21, 2016 and is downtrending. It has underperformed by 14.96% the S&P500.
Insitutional Activity: The institutional sentiment increased to 1.25 in Q2 2016. Its up 0.37, from 0.88 in 2016Q1. The ratio is positive, as 2 funds sold all LEONI AG shares owned while 15 reduced positions. 2 funds bought stakes while 13 increased positions. They now own 3.71 million shares or 7.15% more from 3.46 million shares in 2016Q1.
Morgan Stanley holds 193,852 shares or 0% of its portfolio. The California-based United Cap Advisers Limited Liability Company has invested 0% in LEONI AG (ETR:LEO). Seabridge Invest Advisors Ltd Liability, a New Jersey-based fund reported 23,750 shares. Farmers Merchants Investments holds 0% of its portfolio in LEONI AG (ETR:LEO) for 2,000 shares. Cap Invest Advisors Lc has invested 0.18% of its portfolio in LEONI AG (ETR:LEO). The Florida-based Ladenburg Thalmann Fincl Services has invested 0% in LEONI AG (ETR:LEO). Benjamin F Edwards And Comm last reported 0% of its portfolio in the stock. Walter & Keenan Financial Consulting Mi Adv holds 0.11% of its portfolio in LEONI AG (ETR:LEO) for 20,000 shares. Hollencrest Securities Limited Liability Company last reported 28,520 shares in the company. Fincl Bank Of America De accumulated 0% or 38,911 shares. Essex last reported 17,800 shares in the company. Concert Wealth Management last reported 14,691 shares in the company. Marquette Asset Mgmt has invested 0.23% of its portfolio in LEONI AG (ETR:LEO). Commonwealth Equity Service Incorporated holds 42,077 shares or 0% of its portfolio. Stratos Wealth last reported 0.02% of its portfolio in the stock.
Leoni AG is a Germany-based company that provides wires, optical fibers, cables, cable systems, and related services. The company has a market cap of 1.02 billion EUR. The Company’s main target market is the automotive and commercial vehicles industry, but it also supplies its products to the healthcare, communication and infrastructure, electrical appliances, as well as conductors and copper solutions industries. It has a 47.41 P/E ratio. The Firm operates through two divisions.
Dreyfus Strategic Municipals, Inc. (the Fund), incorporated on July 20, 1987, is a diversified closed-end management investment company. The Fund’s investment objective is to provide current income exempt from federal income tax. Dreyfus Strategic Municipals, Inc. invests at least 80% of its net assets in municipal obligations. The Fund invests at least 50% of its net assets in municipal bonds considered investment-grade or the unrated equivalent as determined by The Dreyfus Corporation (Dreyfus) in the case of bonds, and in the two highest rating categories or the unrated equivalent as determined by Dreyfus in the case of short-term obligations having or deemed to have maturities of less than one year.
Another recent and important LEONI AG (ETR:LEO) news was published by Prnewswire.com which published an article titled: “Automotive Wire and Cable Materials Market: Leoni AG, Coficab Tunisie SA, and …” on July 21, 2016.
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By Louis Casey