Jefferies analyst Vanessa Jeffriess maintained a Hold rating on Schaeffler today and set a price target of €5.25.
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
Vanessa Jeffriess’s rating is based on several factors influencing Schaeffler’s current market position and future prospects. The company’s recent performance aligns with expectations, but challenges remain, particularly in the E-Mobility sector. The EBIT margin for E-Mobility is currently below the fiscal year guidance, indicating the need for improvement in this area despite some positive developments in the third quarter.
Additionally, while Schaeffler’s overall group performance is tracking well, the relative valuation appears stretched. This suggests that while the company is performing adequately, its stock price may not offer significant upside potential at this time. The recent partnership with Neura Robotics could drive future growth, but the current market conditions and industry volatility warrant a cautious approach, justifying the Hold rating.
In another report released on October 29, Deutsche Bank also maintained a Hold rating on the stock with a €4.70 price target.
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.