Airbus (OTCMKTS:EADSY) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Airbus SE – Unsponsored ADR (OTCMKTS:EADSY)’s share price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $54.48 and traded as high as $55.34. Airbus shares last traded at $54.75, with a volume of 346,491 shares.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EADSY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Airbus in a report on Wednesday, July 22nd. Jefferies Financial Group restated a “hold” rating on shares of Airbus in a research report on Wednesday. Morgan Stanley reaffirmed an “overweight” rating on shares of Airbus in a research note on Friday, August 14th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Airbus in a research report on Thursday, July 16th. 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, Airbus presently has an average rating of “Moderate Buy”.

Airbus Price Performance

The stock has a market capitalization of $168.58 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.41 and a current ratio of 1.15. The firm has a 50-day moving average price of $55.37 and a 200 day moving average price of $54.43.

Airbus (OTCMKTS:EADSY) last posted its quarterly earnings results on Wednesday, October 28th. The aerospace company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $19.44 billion for 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%. On average, analysts expect that Airbus SE – Unsponsored ADR will post 2.04 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Airbus stock. Madison Asset Management LLC increased its stake in shares of Airbus SE – Unsponsored ADR (OTCMKTS:EADSY) by 10.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,768 shares of the aerospace company’s stock after acquiring an additional 6,661 shares during the quarter. 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 (SEC). 0.25% of the stock is currently owned by institutional investors.

Airbus Company Profile

Airbus SE is a global aerospace and defense company headquartered in the Netherlands, with major operations across Europe and a presence in markets worldwide. The company designs, manufactures and supports commercial aircraft, military aircraft, helicopters, spacecraft and related systems and services.

Through its Commercial Aircraft business, Airbus produces passenger aircraft ranging from single-aisle models in the A220 and A320 families to wide-body aircraft in the A330 and A350 families.