Jefferies analyst Vanessa Jeffriess maintained a Hold rating on Schaeffler today and set a price target of €5.25.
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Vanessa Jeffriess’s rating is based on a combination of factors that reflect the current state of Schaeffler’s business operations. The company’s third-quarter performance showed weaker sales compared to the previous quarter, which was anticipated, but its EBIT margins have remained robust. This indicates that the strategic initiatives discussed at the Capital Markets Day are yielding positive results, providing some optimism for future financial performance.
Despite the strong margin performance, there are concerns about the E-Mobility division, where the market conditions are challenging and sales have not met expectations. However, other divisions like PT&C have shown positive momentum, particularly in China, which helps offset weaker markets in Europe. Overall, while there are areas of strength, the mixed performance across divisions leads to a balanced outlook, justifying the Hold rating for Schaeffler’s stock.
Based on the recent corporate insider activity of 17 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 0RBK in relation to earlier this year.