Airbus (OTCMKTS:EADSY) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Airbus SE – Unsponsored ADR (OTCMKTS:EADSY) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $55.81 and traded as high as $62.22. Airbus shares last traded at $61.64, with a volume of 488,758 shares changing hands.

Analysts Set New Price Targets

EADSY has been the subject of a number of research reports. Kepler Capital Markets upgraded Airbus from a “hold” rating to a “buy” rating in a research report on Thursday, June 18th. Jefferies Financial Group restated a “hold” rating on shares of Airbus in a research report on Friday, July 10th. BNP Paribas Exane began coverage on Airbus in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Airbus in a research note on Wednesday, July 22nd. Finally, Zacks Research raised shares of Airbus from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Airbus Stock Up 0.7%

The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $55.81 and a two-hundred day simple moving average of $53.46. The company has a market capitalization of $194.52 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 2.43 and a beta of 1.07.

Airbus (OTCMKTS:EADSY) last issued its earnings results on Wednesday, July 29th. The aerospace company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $23.36 billion during the quarter, compared to analysts’ expectations of $23.20 billion. Airbus had a return on equity of 24.14% and a net margin of 7.71%. Equities analysts expect that Airbus SE – Unsponsored ADR will post 2.06 EPS for the current year.

About Airbus

Airbus SE is a multinational aerospace and defense company that designs, manufactures and supports a broad range of products and services for civil and military customers worldwide. The company’s activities span commercial aircraft, helicopters, defense and space systems, and a growing portfolio of services that include maintenance, training, digital solutions and aftermarket support. Airbus is organized into major business divisions that reflect these activities and operates an extensive industrial and supplier footprint across multiple countries.

In the commercial aircraft segment Airbus is best known for its A320 family of single-aisle jets and larger widebody models such as the A330 and A350 series, as well as the A380 superjumbo.