In a report released today, David Perry from J.P. Morgan upgraded Airbus Group SE (EADSF) to Hold, with a price target of EUR75.00. The company’s shares closed last Thursday at $97.79.
According to TipRanks.com, Perry is ranked #6677 out of 7077 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Airbus Group SE with a $93.04 average price target, which is a -6.1% downside from current levels. In a report issued on November 4, Norddeutsche Landesbank also upgraded the stock to Hold with a EUR63.00 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.
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