Analyst Constantin Hesse of Jefferies maintained a Buy rating on Sixt SE, retaining the price target of €105.00.
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Constantin Hesse has given his Buy rating due to a combination of factors including Sixt SE’s strong performance in the second quarter, which aligned with heightened expectations following a robust start to the summer. The company confirmed its guidance for fiscal year 2025, and management expressed optimism for the rest of the year, driven by sustained high demand.
The average selling price remains strong, increasing by 1.7% year-over-year, attributed to improved vehicle utilization and consistent pricing discipline within the industry. This disciplined pricing, coupled with stronger-than-expected travel demand, is expected to support continued profitability in the upcoming quarters. Despite the recent recovery in share prices, the stock’s historically low valuation suggests potential for a positive market response, particularly as the focus shifts to the summer holidays and the competitive landscape.