Airbus: Stifel maintains buy rating ahead of results
(CercleFinance.com) - The broker reiterates its buy rating on the Airbus stock, with a target price of 155 euros, ahead of tomorrow's Q1 2022 results.
Stifel has increased its FY23 EPS estimates by 3% ahead of these results, which are due out after trading.
Given the share's recent slight underperformance (-6% in the last month, compared to -4% for the CAC 40 index and -3% for the Stoxx A&D index), the analyst recommends investors buy ahead of the group's results.
Analysts believe that the rising order cycle (such as the Qantas order on Monday), increasing production rates that remain intact and the recent strength of the dollar at the current $1.05 level are all clearly positive.
They expect its key indicator - adjusted EBIT - to reach 696 million euros, i.e. a margin of 5.8%, which is pretty much in line with the consensus of 719 million euros.
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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.
Stifel has increased its FY23 EPS estimates by 3% ahead of these results, which are due out after trading.
Given the share's recent slight underperformance (-6% in the last month, compared to -4% for the CAC 40 index and -3% for the Stoxx A&D index), the analyst recommends investors buy ahead of the group's results.
Analysts believe that the rising order cycle (such as the Qantas order on Monday), increasing production rates that remain intact and the recent strength of the dollar at the current $1.05 level are all clearly positive.
They expect its key indicator - adjusted EBIT - to reach 696 million euros, i.e. a margin of 5.8%, which is pretty much in line with the consensus of 719 million euros.
Copyright (c) 2022 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.