Airbus: UBS still on hold
(CercleFinance.com) - The analyst confirms his Neutral rating on the stock, with an unchanged target price of E140.
We are pessimistic on delivery growth rates, but optimistic on margins and pricing, UBS says.
For 2024, Airbus is targeting delivery of 770 commercial aircraft, adjusted EBIT of around E5.5bn and FCF before customer financing of around E3.5bn.
Airbus made 50 deliveries to 29 customers in September 2024. Gross orders to September 2024 stood at 235. The group recorded 497 deliveries to 77 customers in 2024 to end-September.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
We are pessimistic on delivery growth rates, but optimistic on margins and pricing, UBS says.
For 2024, Airbus is targeting delivery of 770 commercial aircraft, adjusted EBIT of around E5.5bn and FCF before customer financing of around E3.5bn.
Airbus made 50 deliveries to 29 customers in September 2024. Gross orders to September 2024 stood at 235. The group recorded 497 deliveries to 77 customers in 2024 to end-September.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.