Airbus (OTCMKTS:EADSY) Sees Strong Trading Volume – Still a Buy?

Airbus SE – Unsponsored ADR (OTCMKTS:EADSY) saw strong trading volume on Wednesday. Approximately 1,722,260 shares changed hands during mid-day trading, an increase of 182% from the average daily volume of 611,405 shares. The stock last traded at $56.25 and had previously closed at $53.82.

Analyst Ratings Changes

Several brokerages have issued reports on EADSY. Jefferies Financial Group reaffirmed a “hold” rating on shares of Airbus in a research note on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Airbus in a research report on Wednesday, July 22nd. Morgan Stanley reiterated an “overweight” rating on shares of Airbus in a research report on Friday, August 14th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Airbus in a research note on Thursday, July 16th. 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, Airbus currently has an average rating of “Moderate Buy”.

Airbus Price Performance

The firm has a market capitalization of $171.77 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 2.10 and a beta of 1.15. The stock’s 50 day simple moving average is $55.02 and its two-hundred day simple moving average is $54.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.41 and a current ratio of 1.15.

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

Hedge Funds Weigh In On Airbus

An institutional investor recently raised its position in Airbus stock. Madison Asset Management LLC grew its stake in Airbus SE – Unsponsored ADR (OTCMKTS:EADSY) by 10.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 SEC filing. 0.25% of the stock is 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.

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