Deutsche Post: Stifel still a buyer
(CercleFinance.com) - Stifel maintains its Buy rating on Deutsche Post shares, along with its target price of E57.
The analyst says that the stock is still their best pick in the logistics sector.
Deutsche Post offers long-term structural growth, a history of FCF at a compelling valuation (P/E at 10-11x vs. 14-15x historically and 15-17x for peers) as well as decent returns for shareholders (dividend yield ~5%, plus buybacks).
Stifel also believes that its most common challenges are no longer valid. Moreover, management's comments last week suggest, for the analyst, that the inflection point of the cycle (volumes, freight rates) is approaching.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The analyst says that the stock is still their best pick in the logistics sector.
Deutsche Post offers long-term structural growth, a history of FCF at a compelling valuation (P/E at 10-11x vs. 14-15x historically and 15-17x for peers) as well as decent returns for shareholders (dividend yield ~5%, plus buybacks).
Stifel also believes that its most common challenges are no longer valid. Moreover, management's comments last week suggest, for the analyst, that the inflection point of the cycle (volumes, freight rates) is approaching.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.