Kepler Capital Reaffirms Their Buy Rating on Bayer (0P6S)
Kepler Capital analyst Christian Faitz maintained a Buy rating on Bayer on March 4 and set a price target of €53.00. The company’s shares closed last Wednesday at €37.40.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
According to TipRanks, Faitz is a 4-star analyst with an average return of 6.0% and a 50.56% success rate. Faitz covers the Basic Materials sector, focusing on stocks such as AlzChem Group AG, K+S Aktiengesellschaft, and Yara International.
In addition to Kepler Capital , Bayer also received a Buy from Goldman Sachs’s James Quigley in a report issued on March 4. However, yesterday, Deutsche Bank maintained a Hold rating on Bayer (LSE: 0P6S).
Based on Bayer’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €9.66 billion and a GAAP net loss of €963 million. In comparison, last year the company earned a revenue of €9.97 billion and had a GAAP net loss of €4.18 billion
Read More on GB:0P6S:
Disclaimer & DisclosureReport an Issue
- Bayer ‘pleased’ with court’s preliminary approval of Roundup class settlement
- Midday Fly By: Stocks climb as oil prices pull back
- Court preliminary approves Bayer’s Roundup settlement, Bloomberg says
- Bayer gets FDA clearance of Medrad MRXperion Magnetic Resonance Injection System
- Bayer reports Q4 core EPS EUR 0.62 vs. EUR 1.05 last year
