Jefferies analyst Fabian Piasta has maintained their bullish stance on BFSA stock, giving a Buy rating on April 28.
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Fabian Piasta has given his Buy rating due to a combination of factors that highlight Befesa S.A.’s strong financial performance and positive future outlook. The company’s first quarter of 2025 showed solid results, with revenues increasing by 3% year-over-year to €308 million. This growth was primarily driven by the Steel Dust segment, which experienced a 6% increase in sales despite a decline in electric arc furnace volumes and waste oxide sales.
Additionally, Befesa’s adjusted EBITDA rose by 15% year-over-year to €56 million, resulting in an improved margin of 18.1%. This was achieved despite challenges such as planned maintenance shutdowns and rising electricity and natural gas prices in Europe. Furthermore, the company’s guidance for the full year 2025 is promising, with an expected adjusted EBITDA range that surpasses consensus estimates, supported by anticipated higher volumes in the US market.
According to TipRanks, Piasta is ranked #1910 out of 9371 analysts.
In another report released on April 28, Hauck & Aufhaeuser also maintained a Buy rating on the stock with a €42.00 price target.