Airbus (OTCMKTS:EADSY) Stock Price Breaks Above Fifty Day Moving Average – Time to Sell?

Airbus SE – Unsponsored ADR (OTCMKTS:EADSY) shares crossed 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.

Analysts Set New Price Targets

EADSY has been the subject of several recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Airbus in a research note on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Airbus in a research report on Wednesday, July 22nd. Jefferies Financial Group restated a “hold” rating on shares of Airbus in a report on Wednesday, October 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Airbus in a research report on Friday, August 14th. Six investment 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, the company has an average rating of “Moderate Buy”.

Airbus Stock Up 6.6%

The firm has a market capitalization of $183.03 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 2.10 and a beta of 1.15. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.15 and a quick ratio of 0.41. The stock has a fifty day moving average of $54.91 and a 200 day moving average of $54.23.

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

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

Hedge Funds Weigh In On Airbus

An institutional investor recently raised its position in Airbus stock. Madison Asset Management LLC raised its position in shares of Airbus SE – Unsponsored ADR (OTCMKTS:EADSY) by 10.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,768 shares of the aerospace company’s stock after purchasing an additional 6,661 shares during the period. Madison Asset Management LLC’s holdings in Airbus were worth $3,824,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 0.25% of the company’s stock.

Airbus Company Profile

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.

Airbus traces its origins to the Airbus Industrie consortium, established in 1970 by European aerospace companies to develop commercial aircraft.