Airbus (OTCMKTS:EADSY) Hits New 12-Month High - Here's Why

Key Points

• Airbus shares reached a new 12-month high of $60.19 during trading, indicating investor confidence, with the stock closing at $60.06.
• Brokerages have upgraded Airbus's stock ratings, with UBS Group increasing it from "neutral" to a "buy," contributing to an overall average rating of "Moderate Buy."
• Despite reporting earnings per share of $0.26 which fell short of estimates, Airbus's revenue of $18.45 billion exceeded analyst predictions, reflecting strong operational performance.

Shares of Airbus SE - Unsponsored ADR (OTCMKTS:EADSY - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $60.19 and last traded at $60.06, with a volume of 347703 shares. The stock had previously closed at $59.05.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EADSY. UBS Group upgraded Airbus from a "neutral" rating to a "buy" rating in a research report on Thursday, September 4th. Zacks Research upgraded Airbus to a "hold" rating in a report on Tuesday, August 12th. Royal Bank Of Canada restated an "outperform" rating on shares of Airbus in a research note on Monday, September 15th. Finally, The Goldman Sachs Group assumed coverage on Airbus in a research report on Friday, September 19th. They set a "buy" rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

Airbus Stock Up 0.7%

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.17 and a quick ratio of 0.50. The stock has a market capitalization of $188.15 billion, a P/E ratio of 35.19, a P/E/G ratio of 1.69 and a beta of 1.29. The firm has a 50-day simple moving average of $55.47 and a 200 day simple moving average of $49.59.

Airbus (OTCMKTS:EADSY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The aerospace company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.15). The company had revenue of $18.45 billion during the quarter, compared to analyst estimates of $15.72 billion. Airbus had a net margin of 7.01% and a return on equity of 24.38%. On average, equities research analysts forecast that Airbus SE - Unsponsored ADR will post 1.74 EPS for the current year.

Airbus Company Profile

Airbus SE, together with its subsidiaries, engages in the design, manufacture, and delivery of aerospace products, services, and solutions worldwide. It operates through three segments: Airbus, Airbus Helicopters, and Airbus Defence and Space. The Airbus segment develops, manufactures, markets, and sells commercial jet passenger aircraft, freighter aircraft, regional turboprop aircraft, and aircraft components, as well as provides aircraft conversion and related services.

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