2022 got off to a good start Intesa Sanpaolo also thanks to the positive opinions of analysts. The stock has increased by more than 7% since the beginning of the year, which brings earnings in the last twelve months to + 31%.
But for analysts, stocks still have room to grow. This is demonstrated by the barrage of positive opinions rained on the title, which today moves around 2.5 euros.
Understood, what analysts think
For Deutsche Bank, which evaluates the stock from buy, the stock can go up to € 2.90. More optimistic than the experts of Bnp Paribas, which suggest an increase up to 3 euros (outperform). Rating buy comes from HSBC with a target price of € 3.20. According to the experts of the English bank, Intesa Sanpaolo will pay a total cash dividend of 14.7 billion euros in the period 2021-2024, equal to 31% of its market capitalization.
Analysts from Equita SIM they maintain a bullish view with a “buy” recommendation and a target price of € 2.9. The Milanese SIM recalls that the bank’s management had already indicated that the fourth quarter of 2021 would be impacted by managerial actions in support of the new business plan to be presented in February. The stock trades at 9.4 times the 2022 price-to-earnings ratio and 0.9 times the price-tangible equity ratio, with a dividend yield of more than 7%.
Speaking of the year that has just begun, Carlo Messina, CEO of the Ca ‘de Sass group during the conference call with analysts to comment on the financial statements for the nine months of 2021, he had said he expected a net profit minimum of 5 billion“. “As we have already reached the minimum goal of a profit of 4 billion in 2021 in September, in the fourth quarter we will be in a comfortable position for improve profitability And consider managerial actions to lay the foundations for the new industrial plan ”Messina declared.
BofA promotes Intesa: preferred institution in Europe
The title Intesa Sanpaolo it is also worth buying for BofA analysts, which in recent days have confirmed the buy rating has raised the target price from 3 to 3.3 euros, while promoting the title to number one on the list of favorite institutions in Europe. Expectations on both the earnings (eps) and dividend fronts have been revised upwards: the adjusted eps went from 0.25 to 0.27 for 2022, and from 0.27 to 0.29 in 2023.
On the dividend front, BofA’s expectations improved from 0.16 to 0.19 euros per share in 2022 (+ 24.8%) and from 0.17 to 0.21 euros in 2023 (+ 25.3%) .
The analysts of the American investment bank they also calculated the positive impact of the managing directors in European banks. The analysis shows that Carlo Messina, at the top of the Milanese group since 13 September 2013, generated the best return for shareholders in Europe (+ 142%).