Shares of CTS Eventim AG & Co KGaA (ETR:EVD) have received an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is €43.79 ($50.91).
Several brokerages have recently issued reports on EVD. Kepler Capital Markets set a €43.50 ($50.58) price target on shares of CTS Eventim AG & Co KGaA and gave the company a “buy” rating in a report on Thursday, March 21st. DZ Bank reaffirmed a “buy” rating on shares of CTS Eventim AG & Co KGaA in a research report on Thursday, March 21st. Baader Bank set a €40.00 ($46.51) price objective on shares of CTS Eventim AG & Co KGaA and gave the company a “buy” rating in a research report on Wednesday, December 19th. Finally, Berenberg Bank set a €44.00 ($51.16) price objective on shares of CTS Eventim AG & Co KGaA and gave the company a “buy” rating in a research report on Tuesday, December 11th.
Shares of EVD stock traded up €0.54 ($0.63) on Friday, hitting €42.24 ($49.12). The stock had a trading volume of 117,870 shares, compared to its average volume of 148,299. CTS Eventim AG & Co KGaA has a twelve month low of €30.64 ($35.63) and a twelve month high of €43.86 ($51.00). The firm has a market capitalization of $4.05 billion and a price-to-earnings ratio of 34.20. The company has a quick ratio of 0.95, a current ratio of 1.03 and a debt-to-equity ratio of 17.72.
CTS Eventim AG & Co KGaA operates in the leisure events market worldwide. It operates through two segments, Ticketing and Live Entertainment. The Ticketing segment produces, sells, brokers, distributes, and markets tickets for concerts, theatre, art, sports, and other events. It markets events (tickets) through eventim.de and using its network platform, eventim.net; in-house ticketing products through eventim.inhouse; sport ticketing products through eventim.tixx and eventim.farm; and self-service products for event organizers through EVENTIM.Light, as well as provides a solution for ticket sales and admission control through evetim.access.
See Also: Compound Annual Growth Rate (CAGR)
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