BERENBERG Upgrades CTS Eventim AG & Co KGaA (FWB:EVD)
Nasdaq Fintel reports that on May 31, 2023, BERENBERG upgraded their outlook for CTS Eventim AG & Co KGaA (FWB:EVD) from Hold to Buy .
Analyst Price Forecast Suggests 1.30% Upside
As of June 1, 2023, the average one-year price target for CTS Eventim AG & Co KGaA is 71.06. The forecasts range from a low of 59.59 to a high of $89.25. The average price target represents an increase of 1.30% from its latest reported closing price of 70.15.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for CTS Eventim AG & Co KGaA is 1,952MM, an increase of 1.36%. The projected annual non-GAAP EPS is 2.13.
CTS Eventim AG & Co KGaA Maintains 1.51% Dividend Yield
At the most recent price, the company's dividend yield is 1.51%.
Additionally, the company's dividend payout ratio is 0.50. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
