Airbus: BofA adds share to Best Ideas List
(CercleFinance.com) - On Wednesday BofA added the Airbus stock to its "Top 10 Best Ideas List" for Europe, Middle East, Africa (EMEA) region due to a share price deemed "attractive".
At current levels, the Airbus stock is trading at a 2022 P/E of around 11.5x, based on a production of 52 A320 aircraft per month and a zero contribution to earnings from large capacity aircraft, the analyst explains.
By way of comparison, the Airbus share was trading at a P/E of around 18x over 2016-2019, when the group overtook Boeing to become the world leader in the narrow-body aircraft market, the broker points out.
BoA - which maintains a buy rating on the share - has also raised its target price from 84 euros to 86 eurpos.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
At current levels, the Airbus stock is trading at a 2022 P/E of around 11.5x, based on a production of 52 A320 aircraft per month and a zero contribution to earnings from large capacity aircraft, the analyst explains.
By way of comparison, the Airbus share was trading at a P/E of around 18x over 2016-2019, when the group overtook Boeing to become the world leader in the narrow-body aircraft market, the broker points out.
BoA - which maintains a buy rating on the share - has also raised its target price from 84 euros to 86 eurpos.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.