Airbus (OTCMKTS:EADSY) Cut to Hold at Erste Group Bank

Erste Group Bank downgraded shares of Airbus (OTCMKTS:EADSY) from a strong-buy rating to a hold rating in a report released on Thursday,Zacks.com reports.

Several other brokerages also recently commented on EADSY. Rothschild & Co Redburn downgraded shares of Airbus from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Citigroup raised Airbus from a “neutral” rating to a “buy” rating in a research report on Thursday. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Airbus in a research report on Friday, February 20th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Airbus Stock Down 0.3%

Shares of Airbus stock opened at $50.73 on Thursday. Airbus has a 12-month low of $36.28 and a 12-month high of $64.35. The company has a quick ratio of 0.43, a current ratio of 1.15 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average price of $57.87 and a two-hundred day moving average price of $57.70. The stock has a market capitalization of $160.09 billion, a P/E ratio of 26.84, a PEG ratio of 1.32 and a beta of 1.05.

Airbus (OTCMKTS:EADSY) last released its quarterly earnings results on Thursday, February 19th. The aerospace company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. The company had revenue of $30.25 billion for the quarter, compared to analyst estimates of $33.55 billion. Airbus had a net margin of 7.15% and a return on equity of 23.20%. Equities analysts expect that Airbus will post 1.74 earnings per share for the current 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.