Rating of The Day: thyssenkrupp (ETR:TKA) Hit With Upgrade by Norddeutsche Landesbank, Is The Stock a Buy?

November 25, 2016 - By Marie Mckinney

Rating of The Day:  thyssenkrupp (ETR:TKA) Hit With Upgrade by Norddeutsche Landesbank, Is The Stock a Buy?

thyssenkrupp (ETR:TKA) Upgrade

Trading of thyssenkrupp (ETR:TKA)‘s shares is going to be interesting today, as Norddeutsche Landesbank boosted the stock to a Buy. Along the rating upgrade, Norddeutsche Landesbank analysts gave a TP of EUR 26.00 or 18.72% more.

ThyssenKrupp AG (ETR:TKA) Ratings Coverage

Out of 26 analysts covering ThyssenKrupp (ETR:TKA), 17 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 65% are positive. €30 is the highest target while €10 is the lowest. The €23.03 average target is 7.02% above today’s (€21.52) stock price. ThyssenKrupp has been the topic of 164 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Independent Research given on Friday, April 1. Berenberg upgraded the shares of TKA in a report on Saturday, October 8 to “Buy” rating. The stock has “Buy” rating given by Jefferies on Wednesday, August 19. As per Wednesday, December 2, the company rating was upgraded by Bankhaus Lampe. Credit Suisse upgraded ThyssenKrupp AG (ETR:TKA) rating on Thursday, March 17. Credit Suisse has “Outperform” rating and €21 price target. The firm earned “Neutral” rating on Thursday, May 12 by UBS. The firm has “Hold” rating given on Tuesday, July 12 by Independent Research. On Saturday, October 1 the stock rating was upgraded by Deutsche Bank to “Buy”. The company was upgraded on Thursday, May 12 by Kepler Cheuvreux. The stock has “Buy” rating given by Warburg Research on Friday, November 25.

About 988,374 shares traded hands. ThyssenKrupp AG (ETR:TKA) has risen 5.70% since April 18, 2016 and is uptrending. It has outperformed by 0.29% the S&P500.

ThyssenKrupp AG is a Germany-based diversified industrial company. The company has a market cap of 12.18 billion EUR. It operates in six divisions: The Steel Europe segment produces flat carbon steel products; the Steel Americas segment processes and markets steel products in North and South America; the Materials Services segment engages in the global distribution of materials and the provision of technical services for the production and manufacturing sectors; the Elevator Technology segment specializes in the construction, modernization and servicing of elevators, escalators, moving walks, stair and platform lifts, as well as passenger boarding bridges; the Industrial Solutions segment offers engineering and construction services, and the Components Technology segment offers components for the automotive, construction and engineering sectors, as well as for wind turbines. It has a 65.83 P/E ratio.

More news for ThyssenKrupp AG (ETR:TKA) were recently published by: Wsj.com, which released: “Thyssenkrupp Profit Down 34% on Steel Prices” on August 11, 2016. Bloomberg.com‘s article titled: “Tata Steel in Venture Talks With Thyssenkrupp on Europe Business” and published on July 08, 2016 is yet another important article.

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