Analyst Constantin Hesse from Jefferies maintained a Buy rating on Sixt SE and keeping the price target at €100.00.
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Constantin Hesse has given his Buy rating due to a combination of factors that suggest potential upside for Sixt SE’s stock. Despite a challenging macroeconomic environment, Sixt’s third-quarter performance showed resilience with an 8% increase in fleet size, indicating a sequential improvement. Although the pretax earnings fell short of consensus by 5%, the company’s guidance was adjusted only slightly lower, suggesting a manageable deviation from expectations.
Moreover, the average selling price remained robust, supported by strong vehicle utilization and disciplined pricing strategies among competitors. The reaffirmation of the earnings before tax margin guidance at around 10% and projected sales of €4.25 billion point to a potentially strong fourth quarter, the best in over three years. Given the recent weakness in the stock’s performance, the confirmation of the outlook could lead to a positive market reaction, especially since the stock is trading at a relatively low price-to-earnings ratio for 2026. This outlook, even if at the lower end, is expected to bolster investor sentiment.