In a report released today, Johannes Braun from Stifel Nicolaus maintained a Buy rating on Fraport AG Frankfurt Airport Services Worldwide (0O1R – Research Report), with a price target of €65.00.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Johannes Braun has given his Buy rating due to a combination of factors influencing Fraport AG’s financial outlook. Despite a slight miss in Q4 EBITDA, the company is expected to achieve a financial turnaround with a forecasted breakeven in free cash flow for 2025, as capital expenditures are projected to decrease significantly. This anticipated improvement in cash flow, coupled with a moderate growth in passenger traffic and single-digit EBITDA growth, underscores a positive outlook for the company’s financial health.
Additionally, the company’s Aviation segment has shown resilience with a 4% EBITDA beat, benefiting from increased fees. While the Retail & Real Estate and International Activities segments performed in line with expectations, the overall stability and expected growth in key areas support the Buy recommendation. The anticipated volume turnaround and strategic financial adjustments are pivotal in driving the company’s future performance, making it an attractive investment opportunity.
In another report released today, Barclays also maintained a Buy rating on the stock with a €70.00 price target.