Airbus (OTCMKTS:EADSY) Shares Cross Above 50 Day Moving Average – Here’s Why

Airbus SE – Unsponsored ADR (OTCMKTS:EADSY) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $54.91 and traded as high as $58.27. Airbus shares last traded at $58.00, with a volume of 515,627 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently weighed in on EADSY. Deutsche Bank restated a “buy” rating on shares of Airbus in a report on Wednesday, July 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Airbus in a report on Thursday, July 16th. Morgan Stanley reissued an “overweight” rating on shares of Airbus in a research report on Friday, August 14th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Airbus in a research report on Wednesday, October 28th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Airbus has a consensus rating of “Moderate Buy”.

Airbus Price Performance

The company has a quick ratio of 0.41, a current ratio of 1.15 and a debt-to-equity ratio of 0.55. The stock has a 50-day simple moving average of $54.99 and a 200-day simple moving average of $54.20. The firm has a market capitalization of $184.80 billion, a PE ratio of 25.80, a P/E/G ratio of 2.19 and a beta of 1.15.

Airbus (OTCMKTS:EADSY) last posted its earnings results on Wednesday, October 28th. The aerospace company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $20.28 billion. Airbus had a net margin of 8.05% and a return on equity of 23.75%. Analysts forecast that Airbus SE – Unsponsored ADR will post 2.03 EPS for the current year.

Airbus announced that its Board of Directors has initiated a stock buyback program on Monday, November 9th that permits the company to repurchase $5.62 billion in outstanding shares. This buyback authorization permits the aerospace company to reacquire up to 3.2% of its shares through open market purchases. Share buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Airbus

An institutional investor recently raised its stake in Airbus stock. Madison Asset Management LLC grew its stake in shares of Airbus SE – Unsponsored ADR (OTCMKTS:EADSY) by 10.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,768 shares of the aerospace company’s stock after buying an additional 6,661 shares during the quarter. Madison Asset Management LLC’s holdings in Airbus were worth $3,824,000 at the end of the most recent quarter. 0.25% of the stock is currently owned by institutional investors.

About Airbus

Airbus SE is a global aerospace company that designs, manufactures and supports commercial aircraft, helicopters, and defense and space systems. Its customers include airlines, leasing companies, governments and military organizations around the world. The company’s commercial aircraft portfolio includes the A220, A320, A330 and A350 families. Through Airbus Helicopters, it provides civil and military helicopters and related services. Its Defence and Space business develops products and services such as military aircraft, satellite systems, space technologies and secure communications.