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On Monday, BNP Paribas (OTC:BNPQY) Exane increased its price target on Deutsche Boerse (ETR:DB1Gn) AG (DB1:GR) (OTC: DBOEY) shares to €283.00 from €269.00, while reaffirming an Outperform rating on the stock. The adjustment comes as the firm recognizes Deutsche Boerse’s continued positive earnings momentum, which is supported by robust activity in rates and energy trading. The market has already responded positively to the company’s performance, with the stock delivering a remarkable 32% return year-to-date and trading near its InvestingPro Fair Value.
Stifel analysts attribute the positive outlook for the German exchange operator to its status as a top-tier exchange with defensive qualities, particularly in derivatives. Additionally, Deutsche Boerse is seen as having exposure to structural growth opportunities in the areas of funds, data, and custody services. This outlook is supported by the company’s strong financial performance, with revenue growth of 15.2% in the last twelve months and a robust market capitalization of $56.25 billion. InvestingPro data reveals 8 additional key insights about Deutsche Boerse’s growth potential and market position.
The financial services firm also notes that Deutsche Boerse’s valuation appears attractive when compared to its peers. The valuation is based on a price-to-earnings (PE) ratio of approximately 20 times the calendar year 2026 estimates (CY26E), or roughly 22 times excluding net interest income (NII).
The raised price target reflects an approximate 3% increase in the firm’s earnings per share (EPS) estimates for Deutsche Boerse. This revision is a direct response to the exchange’s performance and the potential for continued growth in its various business segments.
BNP Paribas Exane’s updated price target implies confidence in Deutsche Boerse’s ability to maintain its momentum and capitalize on its market position and growth avenues, thereby offering a potentially attractive investment proposition on a relative valuation basis.
In other recent news, Deutsche Boerse AG reported earnings per share that exceeded expectations from both Keefe, Bruyette & Woods and consensus estimates. The company’s earnings per share were higher by €0.22 compared to Keefe, Bruyette & Woods’ projections and €0.33 above consensus forecasts. This positive performance was attributed to higher revenues, reduced operating expenses, a lower tax rate, improved financial investments, and decreased net financial expenses. Revenues were notably boosted by stronger Net Interest Income from Securities Services, linked to higher cash balances. Following these results, Keefe, Bruyette & Woods analyst Kyle Voigt increased the price target for Deutsche Boerse to €263 from €247, while maintaining a Market Perform rating. Voigt highlighted that the stronger Net Interest Income would be a significant contributor to elevated earnings per share forecasts for 2025 and 2026. These developments reflect the firm’s analysis of Deutsche Boerse’s recent financial performance and potential future earnings.
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