Rating to Follow: Fraport (ETR:FRA) Loses a Vote of Confidence From JP Morgan Chase & Co.. What to Expect?

November 28, 2016 - By Linda Rogers

Rating to Follow:  Fraport (ETR:FRA) Loses a Vote of Confidence From JP Morgan Chase & Co.. What to Expect?

Fraport (ETR:FRA) Downgrade

Fraport (ETR:FRA)‘s stock was decreased to a “Underweight” by analysts at JP Morgan Chase & Co., who have a PT of EUR 50.00 on FRA. JP Morgan Chase & Co.’s target is -8.24% from FRA’s last price.

Fraport AG Frankfurt Airport Srvs Wrldwd (ETR:FRA) Ratings Coverage

Out of 17 analysts covering Fraport (ETR:FRA), 8 rate it a “Buy”, 4 “Sell”, while 5 “Hold”. This means 47% are positive. €74 is the highest target while €43 is the lowest. The €55.94 average target is 3.27% above today’s (€54.17) stock price. Fraport has been the topic of 86 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was upgraded by Equinet to “Buy” on Saturday, April 23. The firm earned “Buy” rating on Tuesday, August 11 by Societe Generale. The stock of Fraport AG Frankfurt Airport Srvs Wrldwd (ETR:FRA) has “Buy” rating given on Thursday, October 27 by Bankhaus Lampe. The stock of Fraport AG Frankfurt Airport Srvs Wrldwd (ETR:FRA) has “Buy” rating given on Thursday, January 14 by Commerzbank. On Friday, February 12 the stock rating was upgraded by Bankhaus Lampe to “Buy”. As per Saturday, August 6, the company rating was upgraded by Societe Generale. UBS downgraded Fraport AG Frankfurt Airport Srvs Wrldwd (ETR:FRA) on Friday, June 24 to “Sell” rating. As per Tuesday, August 2, the company rating was upgraded by Bankhaus Lampe. The rating was upgraded by Commerzbank to “Buy” on Thursday, August 6. As per Thursday, November 26, the company rating was maintained by Landesbank.

About 14,043 shares traded hands. Fraport AG Frankfurt Airport Srvs Wrldwd (ETR:FRA) has risen 6.37% since April 25, 2016 and is uptrending. It has outperformed by 0.36% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.31 in Q2 2016. Its up 0.31, from 1 in 2016Q1. The ratio increased, as 13 funds sold all Fraport AG Frankfurt Airport Srvs Wrldwd shares owned while 18 reduced positions. 7 funds bought stakes while 24 increased positions. They now own 8.75 million shares or 20.13% less from 10.95 million shares in 2016Q1.

Wells Fargo Comm Mn has 0% invested in the company for 729,981 shares. Moreover, Aegon Usa Invest Mgmt Limited has 0.82% invested in Fraport AG Frankfurt Airport Srvs Wrldwd (ETR:FRA) for 263,619 shares. Citigroup Inc holds 12,031 shares or 0% of its portfolio. Lpl Financial Ltd Liability has 40,254 shares for 0% of their US portfolio. Royal Financial Bank Of Canada last reported 0% of its portfolio in the stock. Fincl Inv Mngmt has 1.91% invested in the company for 475,374 shares. Crescent Group L P last reported 22,500 shares in the company. Tfs Cap Limited Com accumulated 10,976 shares or 0.03% of the stock. Shaker Svcs Limited Liability Corporation last reported 111,060 shares in the company. Usca Ria Ltd Liability Corporation holds 0.13% or 58,129 shares in its portfolio. Newgate Mngmt Ltd, a Connecticut-based fund reported 113,428 shares. Ladenburg Thalmann Fincl Svcs Incorporated owns 26,423 shares or 0.01% of their US portfolio. Raymond James & Assocs has invested 0% of its portfolio in Fraport AG Frankfurt Airport Srvs Wrldwd (ETR:FRA). Coastline Tru has 0.19% invested in the company for 72,258 shares. The New Jersey-based Highlander Mgmt Limited Company has invested 0.01% in Fraport AG Frankfurt Airport Srvs Wrldwd (ETR:FRA).

Fraport Frankfurt Airport Services Worldwide AG is a Germany firm engaged in the airport services sector. The company has a market cap of 5.01 billion EUR. The Firm owns and operates airport hubs. It has a 19.91 P/E ratio. The Company’s activities are carried out in four divisions.

FRA Company Profile

BlackRock Floating Rate Income Strategies Fund, Inc. is a diversified closed-end management investment company. The Fund seeks current income and preservation of capital. It utilizes leverage through borrowings.

More news for Fraport AG Frankfurt Airport Srvs Wrldwd (ETR:FRA) were recently published by: Law360.com, which released: “Rising Star: White & Case’s Brody Greenwald” on April 14, 2016. Wsj.com‘s article titled: “Worldwide Flight Services to Acquire Consolidated Aviation” and published on January 11, 2016 is yet another important article.

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