Airbus (OTCMKTS:EADSY) Shares Gap Up – Here’s What Happened

Airbus SE – Unsponsored ADR (OTCMKTS:EADSY) gapped up prior to trading on Thursday . The stock had previously closed at $48.80, but opened at $51.25. Airbus shares last traded at $51.14, with a volume of 394,983 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EADSY. Wells Fargo & Company raised Airbus to a “hold” rating in a research note on Tuesday, March 31st. Jefferies Financial Group restated a “hold” rating on shares of Airbus in a report on Friday, February 20th. Rothschild & Co Redburn downgraded Airbus from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. BNP Paribas Exane assumed coverage on Airbus in a report on Monday, April 13th. They set a “neutral” rating on the stock. Finally, Zacks Research upgraded Airbus from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

Airbus Price Performance

The stock has a market cap of $161.53 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 1.90 and a beta of 1.09. The firm has a 50-day moving average price of $49.78 and a 200-day moving average price of $54.28. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.50 and a current ratio of 1.16.

Airbus (OTCMKTS:EADSY) last announced its earnings results on Tuesday, April 28th. The aerospace company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.09. Airbus had a return on equity of 20.90% and a net margin of 6.92%.The firm had revenue of $14.80 billion during the quarter, compared to analyst estimates of $14.83 billion. On average, analysts forecast that Airbus SE – Unsponsored ADR will post 2.1 earnings per share for the current fiscal year.

Airbus Company Profile

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.