Rating Worth Watching: Does thyssenkrupp (ETR:TKA) Look Good? Jefferies & Company Inc. Upgrades It

November 28, 2016 - By olga

Rating Worth Watching:  Does thyssenkrupp (ETR:TKA) Look Good? Jefferies & Company Inc. Upgrades It

thyssenkrupp (ETR:TKA) Upgrade

thyssenkrupp (ETR:TKA) was upgraded by Jefferies & Company Inc. to a “Buy” rating in a analysts report revealed on 27 November. The firm currently has EUR 26.00 PT on the stock. Jefferies & Company Inc.’s target is 22.07% from TKA’s last price.

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 €23.73 average target is 12.73% above today’s (€21.05) stock price. ThyssenKrupp has been the topic of 169 analyst reports since July 21, 2015 according to StockzIntelligence Inc. HSBC upgraded the stock to “Buy” rating in Tuesday, December 8 report. The firm earned “Buy” rating on Wednesday, September 16 by Commerzbank. The firm has “Buy” rating given on Wednesday, September 21 by Jefferies. The stock has “Outperform” rating given by BNP Paribas on Tuesday, November 22. Warburg Research upgraded ThyssenKrupp AG (ETR:TKA) rating on Tuesday, January 26. Warburg Research has “Buy” rating and €25 price target. On Saturday, April 9 the stock rating was upgraded by Landesbank to “Buy”. Bankhaus Lampe maintained the stock with “Hold” rating in Wednesday, April 6 report. The firm has “Outperform” rating by Robert W. Baird given on Friday, June 3. Commerzbank upgraded it to “Buy” rating and €26 target price in Friday, July 29 report. The rating was upgraded by Kepler Cheuvreux to “Buy” on Tuesday, February 16.

About 554,677 shares traded hands. ThyssenKrupp AG (ETR:TKA) has risen 5.32% since April 18, 2016 and is uptrending. It has underperformed by 0.70% the S&P500.

ThyssenKrupp AG is a Germany-based diversified industrial company. The company has a market cap of 11.91 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 40.25 P/E ratio.

More recent ThyssenKrupp AG (ETR:TKA) news were published by: Wsj.com which released: “Thyssenkrupp Profit Down 34% on Steel Prices” on August 11, 2016. Also Bloomberg.com published the news titled: “Tata Steel in Venture Talks With Thyssenkrupp on Europe Business” on July 08, 2016. Moodys.com‘s news article titled: “Moody’s downgrades thyssenkrupp AG’s ratings to Ba2; stable outlook” with publication date: February 23, 2016 was also an interesting one.

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