Edenred’s Hold Rating Amid Leadership Transition and Financial Strategy Shifts

Analyst Hannes Leitner from Jefferies maintained a Hold rating on EDENRED (0MUM – Research Report) and keeping the price target at €29.80.

Hannes Leitner has given his Hold rating due to a combination of factors related to Edenred’s recent financial performance and leadership changes. The appointment of Virginie Duperat-Vergne as the new CFO marks a significant transition following Julien Tanguy’s departure. Under Tanguy’s leadership, Edenred experienced substantial growth in share price and margins, although the share price has remained flat in recent years.
Despite the company’s expansion and increased operating revenue, there has been a notable rise in gross debt, primarily due to significant M&A activities. With Duperat-Vergne’s background in improving financial metrics at Arcadis, her approach to managing Edenred’s debt and interest expenses will be crucial. The market is likely awaiting her strategic direction, especially as Edenred plans to reduce its M&A activities, which contributes to the Hold rating by Leitner.

According to TipRanks, Leitner is ranked #1010 out of 9347 analysts.