Rating To Observe: thyssenkrupp (ETR:TKA) Hit With Upgrade by Warburg Research, Is The Stock a Buy?

November 25, 2016 - By Peter Erickson

Rating To Observe:  thyssenkrupp (ETR:TKA) Hit With Upgrade by Warburg Research, Is The Stock a Buy?

thyssenkrupp (ETR:TKA) Upgrade

Warburg Research raised the shares of thyssenkrupp (ETR:TKA) to a “Buy” rating in analysts note sent to investors and clients on 25 November. The company after the upgrade has EUR 24.00 price target on the stock.

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 6.97% above today’s (€21.53) stock price. ThyssenKrupp has been the topic of 164 analyst reports since July 21, 2015 according to StockzIntelligence Inc. DZ-Bank AG maintained ThyssenKrupp AG (ETR:TKA) on Saturday, April 2 with “Hold” rating. On Wednesday, June 8 the stock rating was maintained by Independent Research with “Hold”. Kepler Cheuvreux upgraded ThyssenKrupp AG (ETR:TKA) rating on Friday, April 1. Kepler Cheuvreux has “Buy” rating and €17 price target. The stock has “Buy” rating given by Landesbank on Friday, April 15. The stock has “Outperform” rating given by BNP Paribas on Friday, July 29. The rating was upgraded by Morgan Stanley on Thursday, June 30 to “Buy”. The rating was maintained by Goldman Sachs on Thursday, July 14 with “Neutral”. The firm earned “Buy” rating on Thursday, August 13 by Landesbank. The company was maintained on Thursday, April 7 by Independent Research. Kepler Cheuvreux upgraded the shares of TKA in a report on Tuesday, February 16 to “Buy” rating.

About 974,968 shares traded hands. ThyssenKrupp AG (ETR:TKA) has risen 5.32% since April 18, 2016 and is uptrending. It has underperformed by 0.09% the S&P500.

ThyssenKrupp AG is a Germany-based diversified industrial company. The company has a market cap of 12.19 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 65.88 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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