Today’s Rating On Watch: Is Commerzbank AG Very Negative For HeidelbergCement (ETR:HEI) After Its Downgrade? The Target Price is EUR 75.00

November 25, 2016 - By Michael Collier

Today's Rating On Watch:  Is Commerzbank AG Very Negative For HeidelbergCement (ETR:HEI) After Its Downgrade? The Target Price is EUR 75.00

HeidelbergCement (ETR:HEI) Downgrade

Commerzbank AG lowered the shares of HeidelbergCement (ETR:HEI) to Reduce rating in a analysts note issued to investors and clients on Friday morning. The financial firm from today has a EUR 75.00 PT on HeidelbergCement (ETR:HEI).

HeidelbergCement AG (ETR:HEI) Ratings Coverage

Out of 20 analysts covering HeidelbergCement (ETR:HEI), 12 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 60% are positive. €116 is the highest target while €66 is the lowest. The €84.42 average target is 1.59% above today’s (€83.1) stock price. HeidelbergCement has been the topic of 100 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of HeidelbergCement AG (ETR:HEI) earned “Buy” rating by Baader Wertpapierhandelsbank on Saturday, March 19. As per Friday, November 11, the company rating was maintained by Independent Research. The stock of HeidelbergCement AG (ETR:HEI) has “Outperform” rating given on Thursday, August 4 by BNP Paribas. The firm has “Outperform” rating given on Friday, November 4 by BNP Paribas. The stock has “Neutral” rating given by JP Morgan on Wednesday, November 2. The rating was upgraded by DZ-Bank AG to “Buy” on Thursday, May 5. The rating was upgraded by Bankhaus Lampe on Tuesday, July 26 to “Buy”. Landesbank maintained it with “Hold” rating and €76 target price in Thursday, August 13 report. The firm has “Outperform” rating given on Friday, June 24 by Bernstein. The firm has “Buy” rating given on Saturday, November 12 by Jefferies.

About 223,609 shares traded hands. HeidelbergCement AG (ETR:HEI) has risen 30.29% since April 22, 2016 and is uptrending. It has outperformed by 24.88% the S&P500.

Analysts await Heico Corp (NYSE:HEI) to report earnings on December, 20. They expect $0.60 EPS, up 7.14% or $0.04 from last year’s $0.56 per share. HEI’s profit will be $37.27 million for 32.67 P/E if the $0.60 EPS becomes a reality. After $0.62 actual EPS reported by Heico Corp for the previous quarter, Wall Street now forecasts -3.23% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.17 in 2016 Q2. Its down 0.03, from 1.2 in 2016Q1. The ratio worsened, as 15 funds sold all HeidelbergCement AG shares owned while 54 reduced positions. 30 funds bought stakes while 53 increased positions. They now own 18.67 million shares or 2.72% less from 19.19 million shares in 2016Q1.

Commerce National Bank & Trust holds 0.01% or 7,115 shares in its portfolio. Principal Group owns 5,866 shares or 0% of their US portfolio. Tudor Investment Corporation Et Al accumulated 7,300 shares or 0.01% of the stock. Wynnefield Capital owns 20,000 shares or 0.48% of their US portfolio. Fortaleza Asset Management last reported 3,955 shares in the company. Nationwide Fund, a Pennsylvania-based fund reported 16,410 shares. Blackrock Group Limited holds 0% or 44,342 shares in its portfolio. Jane Street Ltd Co accumulated 0% or 4,397 shares. Gamco Invsts Et Al reported 67,396 shares or 0.03% of all its holdings. Moreover, Jpmorgan Chase has 0.01% invested in HeidelbergCement AG (ETR:HEI) for 736,201 shares. Brown Advisory holds 637,781 shares or 0.15% of its portfolio. Schroder Investment Mngmt Group Inc holds 0% or 13,300 shares in its portfolio. Credit Suisse Ag accumulated 0% or 23,152 shares. Regions Fincl reported 3,400 shares or 0% of all its holdings. Ftb Advsrs Inc last reported 0% of its portfolio in the stock.

Insider Transactions: Since September 7, 2016, the stock had 11 buys, and 2 sales for $70,540 net activity. On Wednesday, September 7 the insider Schwitter Frank J bought $118,951. IRWIN THOMAS S had sold 6,100 shares worth $427,061 on Thursday, September 8. 2,044 shares were bought by HENRIQUES ADOLFO, worth $116,724. Another trade for 2,076 shares valued at $118,552 was bought by HIGGINBOTTOM SAMUEL L. MENDELSON ERIC A also bought $116,724 worth of HeidelbergCement AG (ETR:HEI) shares. On Wednesday, September 7 SCHRIESHEIM ALAN bought $118,951 worth of the stock or 2,083 shares. CULLIGAN THOMAS M also bought $118,495 worth of HeidelbergCement AG (ETR:HEI) shares.

Heidelbergcement AG is a Germany-based building materials company. The company has a market cap of 16.49 billion EUR. The Company’s products are used for the construction of houses, infrastructure and commercial and industrial facilities. It has a 19.21 P/E ratio. The Firm operates through for divisions: Cements, Aggregates, Ready-Mixed Concrete-Asphalt and Service- Joint Ventures – Other.

According to Zacks Investment Research, “Heico Corporation is engaged primarily in certain niche segments of the aviation, defense, space and electronics industries through its Hollywood, FL-based HEICO Aerospace Holdings Corp. subsidiary and its Miami, FL-based HEICO Electronic Technologies Corp. subsidiary. HEICO’s customers include a majority of the world’s airlines and airmotives as well as numerous defense and space contractors and military agencies worldwide in addition to telecommunications, electronics and medical equipment manufacturers.”

HEI Company Profile

HEICO Corporation, incorporated on January 27, 1993, is an aerospace and electronics company. The Firm provides commercial aircraft replacement parts, aircraft accessories component repair and overhaul services for avionic, electro-mechanical, flight surface, hydraulic and pneumatic applications; distributes aircraft parts, and makes other critical aircraft parts. It operates through two operating divisions: the Flight Support Group (FSG) and the Electronic Technologies Group (ETG). The Firm offers products for applications, such as aircraft, spacecraft, defense equipment, medical equipment, and telecommunications systems. The Company’s Electronic Technologies Group creates and makes electronic, electro-optical, microwave and other components found in aviation, broadcast, defense, homeland security, medical, space, telecom and other complex equipment. The Company’s clients include airlines, overhaul shops, satellite manufacturers, commercial and defense equipment producers, medical equipment manufacturers, government agencies, telecommunications equipment suppliers and others.

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