Hypoport

Analyst updates, 05.12.

⬆️⬆️⬆️

• HSBC upgrades SIEMENS to Hold. Target price EUR 185. $SIE (-0,29%)
• DEUTSCHE BANK RESEARCH raises the price target for MUNICH RE from EUR 450 to EUR 535. Hold. $MUV2 (-1,1%)
• DEUTSCHE BANK RESEARCH raises the price target for HANNOVER RÜCK from EUR 255 to EUR 294. Buy. $HNR1 (-0,97%)
• DEUTSCHE BANK RESEARCH raises the price target for TALANX from EUR 70 to EUR 76. Hold. $TLX (-0,96%)
• JEFFERIES raises the price target for ORACLE from 190 USD to 220 USD. Buy. $ORCL (-0,32%)
• HAUCK AUFHÄUSER IB raises the target price for MTU from EUR 264 to EUR 280. Sell. $MTX (-0,47%)
• BARCLAYS upgrades AUTO1 from Equal-Weight to Overweight and raises target price from EUR 9 to EUR 19. $AG1 (+3,11%)
• JPMORGAN raises the price target for HELLOFRESH from EUR 14 to EUR 16. Overweight. $HFG (+0,69%)
• JPMORGAN raises the target price for DELIVERY HERO from EUR 42 to EUR 55. Overweight. $DHER (+3,05%)
• JPMORGAN raises the price target for CTS EVENTIM from EUR 104 to EUR 112. Overweight. $EVD (-0,58%)
• JPMORGAN raises the target price for SCOUT24 from EUR 92 to EUR 105. Overweight. $G24 (+0,54%)
• JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 16.02 to GBP 18.32. Overweight. $TKWY (+0,68%)
• JPMORGAN upgrades DELIVEROO from Neutral to Overweight and raises target price from GBP 1.70 to GBP 1.92. $ROO (+2,07%)
• JPMORGAN raises the price target for HEIDELBERG MATERIALS from EUR 150 to EUR 151. Overweight. $HEI (-0,69%)
• JPMORGAN raises the price target for FRAPORT from EUR 49 to EUR 59. Neutral. $FRA (+5,53%)

⬇️⬇️⬇️

• METZLER lowers the price target for HYPOPORT from EUR 220 to EUR 185. Sell. $HYQ (-0,35%)
• ODDO BHF lowers the target price for SCHOTT PHARMA from EUR 38 to EUR 37. Outperform. $1SXP (+0,91%)
• BARCLAYS lowers the target price for RIO TINTO from GBP 61 to GBP 60. Overweight. $RIO (-0,87%)
• JPMORGAN downgrades STRÖER from Overweight to Neutral and lowers target price from EUR 79 to EUR 57. $SAX (-1,31%)

⬆️⬆️⬆️

- KEPLER CHEUVREUX raises the price target for SAP from EUR 200 to EUR 230. Hold. $SAP (-0,03%)

- UBS upgrades HUGO BOSS from Neutral to Buy and raises target price from EUR 41 to EUR 49. $BOSS (+0,51%)

- BOFA raises the price target for FRAPORT from EUR 55 to EUR 56. Neutral. $FRA (+5,53%)

- UBS raises target price for RICHEMONT from CHF 144 to CHF 150. Buy. $CFR (+0,21%)

- BOFA upgrades HOCHTIEF from Neutral to Buy and raises target price from EUR 112 to EUR 140. $HOT (+0,35%)

- JPMORGAN raises target price for FEDEX from USD 350 to USD 366. Overweight. $FDX (-8,08%)

- JPMORGAN raises the price target for ROCHE from CHF 220 to CHF 230. Underweight. $ROG (+0,46%)

- UBS upgrades BMW from Neutral to Buy and raises target price from EUR 75 to EUR 83. $BMW (+0,87%)

- JEFFERIES raises target price for UNICREDIT from EUR 47 to EUR 49. Buy. $UCG (+0,05%)

⬇️⬇️⬇️

- HAUCK AUFHÄUSER IB lowers the price target for DELIVERY HERO from EUR 61 to EUR 52. Buy. $DHER (+3,05%)

- BARCLAYS lowers the target price for VOLKSWAGEN VORZÜGE from EUR 110 to EUR 100. Overweight. $VOW (+1,96%)

- BARCLAYS lowers the target price for PORSCHE SE from EUR 35 to EUR 30. Underweight. $PAH3 (+0,42%)

- UBS downgrades MERCEDES-BENZ from Buy to Neutral and lowers target price from EUR 72 to EUR 55. $MBG (-0,07%)

- EXANE BNP downgrades HYPOPORT from Outperform to Neutral. $HYQ (-0,35%)

- HAUCK AUFHÄUSER IB lowers the price target for IBU-TEC from EUR 12 to EUR 7.40. Hold. $IBU (-0,85%)

- KEPLER CHEUVREUX downgrades SYMRISE from Buy to Hold and lowers target price from EUR 122 to EUR 114. $SY1 (-0,34%)

- DEUTSCHE BANK RESEARCH lowers the price target for SANOFI from EUR 90 to EUR 85. Sell. $SAN (-0,6%)

- JPMORGAN lowers the price target for CARL ZEISS MEDITEC from EUR 56 to EUR 45. Underweight. $AFX (+0,2%)

- JPMORGAN lowers the price target for SARTORIUS from EUR 290 to EUR 275. Overweight. $SRT (+2,08%)

Earnings summary this morning 👇🏼

$BP. (-0,03%)
| BP Q3 2024 Earnings

EPS Adj 13.89C (12.67C)

Adj Net $2.27B (est $2.05B)

Oper Cash Flow $6.16B (est $6.29B)

Net Debt $24.21B (est $23.28)

Plans 1.75B Share Buyback For Third Quarter

Sees 4Q Reported Upstream Production To Be Lower Vs Q3

$OMV (-0,69%) | OMV AG Q3 24 Earnings:

- Clean CCS Oper Profit EU1.10B (est EU1.05B)

- Clean CCS Net Income EU346M (est EU447.8M)

- Still Sees FY Organic CAPEX About EU3.8B (est EU3.68B)

- Sees FY Avg Production 330, 000 To 350, 000 BOE/D

$NOVN (-0,1%) | Novartis Q3 24 Earnings:

- Core EPS $2.06 (est $1.94)

- Net Sales $12.82B (est 12.68B)

- Net Sales Expected To Grow By 'Double Digit'

- Raises FY Outlook

- Now Sees FY Core Oper Income Growth In High Teens

$SAN (-1,05%) | Santander Q3 24 Earnings:

- Net Income EU3.35B (est EU3.17B)

- Net Interest Income EU11.23B (est EU11.57B)

- Net Loan - Loss Provision EU2.98B (est EU3.18B)

- Confident It'll Deliver On All Targets

$HSBA (-0,91%) | HSBC Q3 24 Earnings:

- Div/Shr 10C (est 10C)

- Net Interest Income $7.64B (est $9.25B)

- Sees Div payout Ratio Target Basis of 50% for 2024

- Announces Up $3B Buy Back

$ADS (-0,15%) | Adidas is optimistic after a strong third quarter and confirms a sales increase of 7.3% to 6.4 billion euros. Demand in Europe and growth in China are driving the development, while profits increase by 73.4% to 469 million euros.

$HYQ (-0,35%) | Hypoport increases revenue by 29% to 114 million euros in the third quarter and achieves an operating profit of 3.6 million euros, which is above analysts' expectations. The upturn in real estate finance is driving growth.

$LHA (+1,28%) | Lufthansa announces a savings program to increase adjusted operating profit by EUR 1.5 billion by 2026. Adjusted profit in the third quarter of 2024 falls by 9% to EUR 1.3 billion Deutsche Lufthansa AG expects an operating profit of between EUR 1.4 billion and EUR 1.8 billion for the full year 2024, after focusing on the cost structure in the third quarter. The share is benefiting from hopes of an easing of the Middle East conflict.

$CEC (-2,46%) | Ceconomy exceeds analysts' expectations with adjusted EBIT in the upper half of the range of 290 to 310 million euros. Sales increase by 5.3% to around 22.4 billion euros in the 2023/2024 financial year

$HFG (+0,69%) | HelloFresh Group achieves currency-adjusted revenue growth of 1.9% compared to the previous year and adjusted EBITDA ("AEBITDA") of €72 million

getquin Daily Summary 15.11.2022

Hello getquin,

have a nice tuesday to all of you.

Europe🌍:

• Battery manufacturer Varta pulls out the red pen: new construction stopped and short-time work. Read more: https://bit.ly/3hIL7nt

• President of the Swiss National Bank sees high probability of an interest rate hike. Read more: https://reut.rs/3O7p1XA

• After cyber attack on Continental: Hackers publish list of captured data. Read more: https://bit.ly/3AgJ9kD

• Berlin-based solar unicorn Enpal could double valuation in funding round. Read more: https://bit.ly/3GeInbD

• Germany boss leaves, app downloads slump - trading app Etoro in trouble. Read more: https://bit.ly/3E9BlSL

• German gas storage facilities 100 percent full. Read more: https://bit.ly/3WWmFPo

America🌏:

• Buffett's Berkshire Hathaway invests $4.1 billion in TSMC shares. Read more: https://reut.rs/3hMA64B

• Google pays nearly $400 million to settle U.S. location-tracking investigation. Read more: https://reut.rs/3E9GmL8

• Amazon reportedly plans to lay off thousands of employees. Read more: https://nyti.ms/3UZ1MBn

World🌏:

• Eight billion people live on Earth. Read more: https://bit.ly/3XgXBTF

• OPEC again cuts oil demand growth forecast amid growing economic challenges. Read more: https://reut.rs/3TxKqdK

Stocks of the day:

🟩 TOP $9626 (-1,31%) 15,15€ (🔼 +20,24%)

🟥 FLOP $HYQ (-0,35%) 115,20€ (🔽 -19,83%)

🟥 Most searched $ALV (-0,66%) 200,18€ (🔽 -0,88%)

🟩 Most traded $UN01 5,00€ (🔼 +5,20%)

🟩 S&P500, 4.013,49 (🔼 +1,42%)

🟩 DAX, 14.378,05 (🔼 +0,45%)

🟩 Bitcoin ₿, 16.442,01€ (🔼 +2,26%)

Time: 17:00 CEST

#MarketNews
#MarketNewsUpdate

Figures from day times summarized...

Freshly edited after 10 p.m., below... ⤵️

As announced in my post today:

https://app.getquin.com/activity/NANZSkDukX?lang=de&utm_source=sharing

there is a lot to report today. Let me summarize some important numbers for you:

$HYQ (-0,35%)
Hypoport:

expects revenue to decline by six percent to €105 million in the third quarter based on preliminary figures. EBIT is expected to decrease by 95 percent to 0.5 million. The Management Board has initiated measures to adjust the cost level to the current weak market environment. The results of these measures will take effect from the first quarter of 2023.

$KO (-0,4%)
Coca-Cola:

Posts Q3 revenue of $11.1 billion (PY: $10.0 billion, analyst forecast: $10.52 billion) and adjusted earnings per share of $0.69 (PY: $0.65, forecast: $0.64). In its outlook for 2022, Coca-Cola now expects organic sales growth of 14% to 15% (previously: 12% to 13%).

$8GMA
General Motors Co:

Surpassed analyst estimates of $1.89 in third-quarter earnings per share of $2.25. Revenue of $41.89 billion beat expectations of $41.72 billion.

$MMM (+1,06%)
3M Co:

Third-quarter earnings per share of $2.69 beat analyst estimates of $2.62. Revenue of $8.6 billion below expectations of $8.75 billion.

$GEC
General Electric Co:

Missed analyst estimates of $0.50 in the third quarter with earnings per share of $0.35. Sales of $19.1 billion exceeded expectations of $18.55 billion.

$COVTY
Covestro:

Posts Q3 sales of €4.6 billion (PY: €4.3 billion, analyst forecast: €4.33 billion), Ebitda of €302 million (PY: €862 million, forecast: €320 million), free operating cash flow of €33 million (PY: €381 million) and net income of €12 million (PY: €472 million, forecast: €40 million). In the outlook for 2022, the company now expects free operating cash flow of €0 to €100 million (previous: €0 to €500 million, forecast: €29 million) and Ebitda of €1.7 to €1.8 billion (previous: €1.7 to €2.2 billion, forecast: €1.83 billion), high gas price impacts forecast.

$SAP (-0,03%)
SAP:

3rd quarter sales of €7.84 billion Q3 revenue of €7.84 billion (previous year: €6.85 billion, forecast: €7.6 billion), cloud revenue of €3.29 billion (previous year: €2.38 billion, forecast: €3.19 billion), license revenue of €406 million (previous year: €657 million, forecast: €454 million), operating profit of €1.239 billion (PY: €1.249 billion), and profit after tax of €547 million (PY: €1.42 billion, forecast: €790 million). In the outlook, SAP confirms medium-term targets until 2025 and outlook for 2022 for revenue and operating profit, outlook for free cash flow for 2022 lowered to around €4.5 billion (previously: over €4.5 billion).

$NVS (-0,32%)
Novartis:

Posts Q3 sales of $12.54 billion (PY: $13.03 billion), operating income of $2.16 billion (PY: $3.23 billion), net income of $1.57 billion (PY: $1.75 billion), core operating income of $4.28 billion (PY: $4.46 billion). Group guidance for fiscal 2022 confirmed.

$MSFT (-1,05%)
Microsoft:

First-quarter earnings per share of $2.35 beat analyst estimates of $2.32. Revenue of $50.1 billion exceeded expectations of $49.86 billion.

$GOOGL (+0,94%)
Alphabet:

Misses analyst estimates of $1.28 in the third quarter with earnings per share of $1.06. Revenue of $69.09 billion below expectations of $71.34 billion.

$V (-0,14%)
Visa:

Beats fourth-quarter analyst estimates of $1.87 with earnings per share of $1.93. Revenue of $7.8 billion beats expectations of $7.57 billion.

$TXN (-0,01%)
Texas Instruments:

Beats third-quarter analyst estimates of $2.39 with earnings per share of $2.45. Revenue of $5.24 billion beats expectations of $5.14 billion.

$SKX (+0,87%)
Skechers:

Missed analyst estimates of $0.73 in the third quarter with earnings per share of $0.64. Revenue of $1.88 billion beat expectations of $1.81 billion.

$CMG (-0,82%)
Chipotle Mexican Grill:

Beats third-quarter analyst estimates of $9.17 with earnings per share of $9.51. Revenue of $2.2 billion below expectations of $2.23 billion.

Phew that was really ne a lot today and the next 2 days it will continue to go so strong!

Does it make sense to buy a financial/credit company if interest rates continue to rise? Or rather not?

Interesting business areas and strong figures. How do you see Hypoport positioned for the coming years?

I've had Hypoport on my watchlist for at least 4 years, but I'm always undecided.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗛𝗲𝗿𝘁𝘇𝘀𝗰𝗵𝗹𝗮𝗴 / 𝗗𝗲𝗿 𝗧𝘄𝗶𝘁𝘁𝗲𝗿-𝗘𝗹𝗼𝗻 / 𝗚𝗮𝘀𝗽𝗿𝗲𝗶𝘀 𝗿𝘂𝗻𝘁𝗲𝗿 / 𝗘𝘀 𝗸𝗮𝗻𝗻 𝗻𝘂𝗿 𝗲𝗶𝗻𝗲𝗻 𝗴𝗲𝗯𝗲𝗻

𝗜𝗣𝗢𝘀 🔔

Hertz - Car rental company Hertz Global Holdings has set the terms for its "re-IPO." Hertz plans to offer 37.1 million shares at $25 to $29 each. They are to be tradable on the Nasdaq under the symbol HTZ. The company generated earnings before interest, taxes, depreciation and amortization (EBITDA) of $860 million in the third quarter.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, AdvanSix ($960 (-1,47%)), Carlyle Group ($3VU (+0,46%)), Carriage Services, Inc. ($CSV), Hanesbrands ($HN9 (+1,28%)), HomeStreet Bank ($HMST), Invitation Homes ($4IV (+0,33%)), Kennametal Inc. ($KM3 (-2,89%)), Landstar System ($LDS (-1,19%)), Macerich ($M6G (+1,09%)), MetLife ($MWZ (+1,61%)), Northeast Bank ($NBN (-1,68%)), Papa John's Pizza ($PP1 (-3,87%)), Terex ($TXG (-0,89%)), Westpac ($WBC (-0,58%)), Webster Bank ($WED (+0,48%)) and Waste Connections ($UI51 (-0,52%)) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Akasol ($ASL), bet-at-home.com ($ACX (-0,79%)), Covestro ($1COV (-0,02%)), Denki Kagaku Kōgyō ($DIK (+0%)), Fujikura Ltd. ($FJK (-1,55%)), Henkel ($HEN (+0,54%)), HolidayCheck ($HOC), Hypoport ($HYQ (-0,35%)), International Flavors & Fragrances ($IFF (-1,02%)), Isuzu ($ISUZY), Jack Henry & Associates ($JHY (-0,24%)), Nippon Kayaku ($NP7 (-1,27%)), PayPal ($2PP (-0,38%)), PhosAgro ($P6SG), Softbank ($SFT (-3,53%)), Teijin ($TIJ (+0,32%)) and Yamaha Motor ($YMA (+1,14%)) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Elon - Tesla($TL0 (-4,58%))-founder Elon Musk has let his fans vote on Twitter whether he should sell ten percent of his Tesla shares. Most recently, the 50-year-old faced calls to pay more taxes to help solve the world's problems. Of just over 3.5 million users, 58 percent voted in favor of a sale. This would make the block of shares to be sold worth around $20 billion currently. Based on this vote, the Tesla share price slumped by an interim 8.47 percent to EUR 965.66.

Gazprom ($GAZ) - After several months of energy crisis and rising prices, the Russian gas company is now supplying gas to Germany and Austria again under pressure from Putin. The Gazprom Vice-Chairman also stated that Russia had no interest in such high gas prices, as this would accelerate the transition of renewable energies in Europe.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Shiba Inu ($SHIB) - The co-founder and creator of Dogecoin, the origin of all meme coins, explicitly distanced himself from Shiba Inu last Sunday. He also emphasized that he himself is also not a holder of the comparatively new meme coin. Before that, various theories circulated that he could be involved in the project.

New York - The newly elected mayor of the city of New York is seamlessly following up on his bullish statements on the topic of cryptocurrencies. Thus, he stated in an interview on Sunday that especially in schools should be taught about blockchain technology, about cryptocurrencies and about the new opportunities associated with them. Despite the clear attitude of the mayor, he still believes that the implementation of digital currency in the real world should not be rushed, but should be realized with intelligence and accuracy.

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