After Goldman Sachs and Jefferies gave Airbus Group SE (Other OTC: EADSF) a Buy rating last month, the company received another Buy, this time from Credit Suisse. Analyst Olivier Brochet maintained a Buy rating on Airbus Group SE today and set a price target of EUR106.00. The company’s shares closed last Wednesday at $84.66.
According to TipRanks.com, Brochet is ranked #6413 out of 6942 analysts.
Airbus Group SE has an analyst consensus of Moderate Buy, with a price target consensus of $88.91, which is an 8.7% upside from current levels. In a report issued on September 8, Goldman Sachs also maintained a Buy rating on the stock with a EUR93.00 price target.
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Based on Airbus Group SE’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $8.32 billion and GAAP net loss of $1.44 billion. In comparison, last year the company earned revenue of $18.32 billion and had a net profit of $1.16 billion.
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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.