DZ BANK AG Sticks to Its Hold Rating for Deutsche Lufthansa (0H4A)
DZ BANK AG analyst Dirk Schlamp maintained a Hold rating on Deutsche Lufthansa yesterday. The company’s shares closed yesterday at €8.07.
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Schlamp covers the Industrials sector, focusing on stocks such as Sixt SE, Deutsche Lufthansa, and DHL Group. According to TipRanks, Schlamp has an average return of 3.6% and a 50.00% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Deutsche Lufthansa with a €8.42 average price target, a 4.34% upside from current levels. In a report released on March 10, J.P. Morgan also maintained a Hold rating on the stock with a €8.00 price target.
Based on Deutsche Lufthansa’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €11.2 billion and a net profit of €966 million. In comparison, last year the company earned a revenue of €10.74 billion and had a net profit of €1.1 billion
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0H4A in relation to earlier this year.
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