Sixt:Quarterly Results/2023 Q2: Difference between revisions

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 * Industry outlook is positive.
 * Industry seems to be back to the pre-pandemic levels.
-* Sixt's revenue may come in slightly below estimates if not in-line with estimates.
+== Analysts Opinions ==
+=== Analyst Dirk Schlamp, DZ Bank ===
+* Upgraded Sixt's rating from hold to buy and raised price target from 120 euros to 125<ref>https://www.finanzen.net/analyse/sixt_se_st_kaufen-dz_bank_896456</ref>.
+* He said that the '''tourism industry is recovering''' from pandemic slump. Schlamp pointed out that the desire to travel is high and prospects remains positive.
+* Schlamp said that the company has '''intact long-term growth prospects'''.
+=== Analyst Marc-Rene Tonn, Warbug Research ===
+* Maintained buy rating on Sixt and a price target of 160 euros<ref>https://www.finanzen.at/analyse/sixt-se-st-buy-894729</ref>.
+* He said that '''strong demand and favorable price developments should have led to solid results.'''
+=== Analyst Nicole Winkler, Hauck & Aufhauser ===
+* Maintained buy rating on Sixt with a price target of 108 euros<ref>https://www.finanzen.at/analyse/sixt-se-vz-buy-895964</ref>.
+* He expects solid figures despite tough economic environment.
+* He also expects the company to confirm its outlook for 2023.
+=== Analyst Michael Kuhn, Deutsche Bank ===
+* Lowered Sixt's rating to hold from buy on concerns over near-term weak profitability<ref>https://seekingalpha.com/news/3987623-sixt-se-falls-after-deutsche-bank-pulls-bull-rating</ref>.
+* He thinks that Sixt's profit will come down this year and does not expect major profit growth in the next two years.
+* "At the same time, important indicators for the car industry, like '''used car prices, show signs of intensifying weakness.''' '''Air fares have also shown signs of weakness''' as of late, and we have become more cautious on '''European airlines'''. Despite our forecast cuts, we still think the '''shares trade at relatively attractive valuation levels''', but without positive earnings momentum and in the context of a worsening trading environment, we think it makes sense to move down to a Hold until the macro uncertainties resolve and until signs of earnings momentum improving again become tangible, " He said.
 == References ==