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

Airbus SE – Unsponsored ADR (OTCMKTS:EADSY)’s share price 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 traded.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EADSY. Jefferies Financial Group restated a “hold” rating on shares of Airbus in a research note on Friday, February 20th. Zacks Research upgraded Airbus from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. BNP Paribas Exane began coverage on Airbus in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. Citigroup upgraded Airbus from a “neutral” rating to a “buy” rating in a research note on Thursday, March 5th. Finally, Wells Fargo & Company upgraded Airbus to a “hold” rating in a research note on Tuesday, March 31st. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Airbus Trading Up 4.9%

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

Airbus (OTCMKTS:EADSY) last issued its earnings results on Tuesday, April 28th. The aerospace company reported $0.22 EPS for the quarter, beating 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 business had revenue of $14.80 billion for the quarter, compared to the consensus estimate of $14.83 billion. Equities analysts expect that Airbus SE – Unsponsored ADR will post 2.1 earnings per share for the current fiscal 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.