Airbus: stock upbeat before annual results
(CercleFinance.com) - The Airbus share remains upbeat in Paris, boosted by Credit Suisse's positive analysis on Tuesday morning.
Note that the stock has risen by almost 12% since 1 January.
The broker has confirmed its buy rating ("outperform") on the shares, before the European aircraft manufacturer publishes its annual accounts on 14 February. Set at 120 euros, the broker's target price suggests upside potential of just over 25%.
Analysts expect the group to report a sound commercial performance, which at the end of 2018 had delivered 800 civilian aircraft, in line with the group's guidance. They raised their adjusted operating profit forecast by 50 million euros to 5.19 billion euros, which is 4% higher than the five billion euros expected by the consensus.
The Airbus Commercial division has benefited from many deliveries and strong performance in the A320 and A350 programs, argues a research report. The operating margin should therefore reach very good levels and even an historic peak in Q3, despite charges that are expected to weigh on the margin in Q4.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Note that the stock has risen by almost 12% since 1 January.
The broker has confirmed its buy rating ("outperform") on the shares, before the European aircraft manufacturer publishes its annual accounts on 14 February. Set at 120 euros, the broker's target price suggests upside potential of just over 25%.
Analysts expect the group to report a sound commercial performance, which at the end of 2018 had delivered 800 civilian aircraft, in line with the group's guidance. They raised their adjusted operating profit forecast by 50 million euros to 5.19 billion euros, which is 4% higher than the five billion euros expected by the consensus.
The Airbus Commercial division has benefited from many deliveries and strong performance in the A320 and A350 programs, argues a research report. The operating margin should therefore reach very good levels and even an historic peak in Q3, despite charges that are expected to weigh on the margin in Q4.
Copyright (c) 2019 CercleFinance.com. All rights reserved.