Airbus Group (EPA:AIR) Stock Upgrade
In a very recent research note issued on Saturday, 5 December, Kepler Cheuvreux upgraded the shares of Airbus Group (EPA:AIR) to a respectable Buy rating. They currently have a EUR 78.00 price target on the stock. This price target implies a possible upside of 21.86% from the current price of Airbus Group (EPA:AIR) shares.
From a total of 4 analysts covering Airbus Group (EPA:AIR) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is €36 while the lowest target price is €23. The mean of all analyst targets is €30.5 with a 11.39% above today’s (€64.01) stock price. Airbus Group was the topic of 19 analyst reports since July 1, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs maintained shares on December 2 with “Neutral” rating. Societe Generale upgraded shares to “Buy” rating and €73 target share price in a report from an October 31. Independent Research maintained AIR stock in a recent report from November 17 with “Hold” rating. Landesbank upgraded the rating on October 31. Landesbank has a “Buy” rating and a €75 price target on shares. Finally, S&P Research upgraded the stock to “Buy” rating in a report issued on an October 31.
The stock increased 0.55% or EUR 0.35 on December 4, striking EUR 64.01. Approximately 3.10 million shares of stock traded hands or 34.20% up from the average. Airbus Group SE (EPA:AIR) has declined 19.67% since May 4, 2015 and is downtrending. It has underperformed by 16.89% the S&P500.
Analysts await AAR Corp. (NYSE:AIR) to reports earnings on December, 17. They expect $0.30 EPS, down 21.05% or $0.08 from last year’s $0.38 per share. AIR’s profit will be $10.73M for 20.32 P/E if the $0.30 EPS becomes reality. After $0.23 actual EPS reported by AAR Corp. for the previous quarter, Wall Street now forecasts 30.43% EPS growth.
Airbus Group SE, formerly Airbus Group NV, known as European Aeronautic Defence and Space Company EADS NV, is a France firm active within the aerospace and defense sector. The company has a market cap of 50.44 billion EUR. The Firm makes aircrafts, helicopters, commercial space launch vehicles, missiles, satellites, defense systems and defense electronics, and offers services related to these activities. It has 17.67 P/E ratio. It operates four divisions.
According to Zacks Investment Research, “AAR Corp. is a worldwide leader in supplying aftermarket products and services to the global aerospace/aviation industry. It provides aircraft, engines and engine parts; airframe and accessories products; overhaul, repair and maintenance services and company-manufactured products to customers in all segments of this industry, including the world’s largest commercial airlines and air cargo operators, original equipment manufacturers, domestic and foreign military and government agencies, aircraft leasing companies and maintenance service providers.” Get a free copy of the Zacks research report on Airbus Group SE (AIR).