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Veolia Environnement (0NY8) Receives a Buy from Kepler Capital

Tipranks - Sat Mar 14, 8:50PM CDT

Kepler Capital analyst Juan Rodriguez maintained a Buy rating on Veolia Environnement on March 12 and set a price target of €42.00. The company’s shares closed last Thursday at €33.23.

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Rodriguez covers the Utilities sector, focusing on stocks such as Elia System Operator SA/NV, Severn Trent, and Voltalia. According to TipRanks, Rodriguez has an average return of 9.7% and a 60.78% success rate on recommended stocks.

Currently, the analyst consensus on Veolia Environnement is a Strong Buy with an average price target of €37.63, which is a 13.24% upside from current levels. In a report released on March 10, Deutsche Bank also maintained a Buy rating on the stock with a €35.00 price target.

Based on Veolia Environnement’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €22.35 billion and a net profit of €560 million. In comparison, last year the company earned a revenue of €22.55 billion and had a net profit of €446 million

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