On Monday, BofA Securities maintained a positive outlook on Aeroports de Paris (ADP:FP) (OTC: ARRPY) shares, reiterating a Buy rating and a price target of EUR155.00. BofA Securities analysts predict a continued sequential improvement in passenger traffic, alongside strong performance in the Retail sector and stable trends internationally, particularly at TAV Airports. These factors are expected to lead to a 3-4% increase in consensus EBITDA forecasts for the years 2025-2027.
According to BofA Securities, the upward revisions in consensus earnings could provide support for Aeroports de Paris stock, which is currently trading at an attractive valuation. The firm's calculations indicate that the Parisian assets are valued at 7.7 times the projected 2025 enterprise value to EBITDA ratio, compared to a 9-9.5 times ratio for its peers.
The analyst highlighted that the company's stock is part of BofA's Q1'25 compilation of Best Ideas, suggesting a strong conviction in its performance potential. Aeroports de Paris is anticipated to reveal its full-year 2024 results on February 19, which is seen as a potential catalyst for the stock.
Investors are keeping an eye on the upcoming financial results, which could provide further insights into the company's operational and financial trajectory. The continued focus on Aeroports de Paris by BofA Securities underscores the firm's confidence in the company's ability to outperform amidst the evolving dynamics of the aviation and retail sectors.
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