In a report released today, Sven Diermeier from Independent Research maintained a Hold rating on Airbus Group SE (EADSF), with a price target of EUR93.00. The company’s shares closed last Friday at $111.80.
According to TipRanks.com, Diermeier is a 1-star analyst with an average return of -2.5% and a 54.5% success rate. Diermeier covers the Basic Materials sector, focusing on stocks such as Wacker Chemie AG, LANXESS, and Linde.
Currently, the analyst consensus on Airbus Group SE is a Moderate Buy with an average price target of $125.86, implying a 12.9% upside from current levels. In a report issued on February 19, Kepler Capital also downgraded the stock to Hold with a EUR85.00 price target.
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Based on Airbus Group SE’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $11.21 billion and GAAP net loss of $767 million. In comparison, last year the company earned revenue of $15.3 billion and had a net profit of $989 million.
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Airbus SE engages in the design, manufacture, delivery, and provision of aerospace products, space, and related services. It operates through the following segments: Airbus Commercial Aircraft; Airbus Helicopters; and Airbus Defence and Space. The Airbus Commercial Aircraft segment develops, manufactures, markets, and sells commercial jet aircrafts; and offers aircraft conversion and related services. The Airbus Helicopters segment deals with the development, manufacture, marketing, and sale of civil and military helicopters. The Airbus Defence and Space segment covers systems and services in the field of defence and space for governments, institutions, and commercial customers. The company was founded on December 29, 1998 and is headquartered in Leiden, the Netherlands.