Airbus (OTCMKTS:EADSY) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Airbus SE – Unsponsored ADR (OTCMKTS:EADSY) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $58.69 and traded as high as $61.5162. Airbus shares last traded at $61.32, with a volume of 263,258 shares.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. UBS Group raised Airbus from a “neutral” rating to a “buy” rating in a report on Thursday, September 4th. Zacks Research upgraded Airbus to a “hold” rating in a research report on Tuesday, August 12th. The Goldman Sachs Group initiated coverage on shares of Airbus in a research report on Friday, September 19th. They issued a “buy” rating for the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Airbus in a research report on Thursday, October 30th. Finally, Kepler Capital Markets downgraded shares of Airbus from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Airbus Stock Performance

The stock has a 50 day moving average of $58.69 and a 200 day moving average of $52.59. The company has a quick ratio of 0.50, a current ratio of 1.17 and a debt-to-equity ratio of 0.75. The firm has a market cap of $194.00 billion, a price-to-earnings ratio of 34.84, a P/E/G ratio of 1.75 and a beta of 1.31.

Airbus (OTCMKTS:EADSY) last released its earnings results on Wednesday, October 29th. The aerospace company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. Airbus had a net margin of 6.97% and a return on equity of 23.52%. The firm had revenue of $20.79 billion for the quarter, compared to analyst estimates of $17.12 billion. As a group, analysts anticipate that Airbus SE – Unsponsored ADR will post 1.74 EPS for the current fiscal year.

About Airbus

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.