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UBS AG has maintained a "Neutral" rating on Airbus SE shares with a target price of 140 euros, noting better-than-expected margins but expressing concerns about the supply chain. Following the analysis, Airbus shares rose 1.4% in XETRA trading, though they still face a downside risk of 1.21% relative to the target price. Investors are advised to look for the Q4 2024 balance sheet release on February 13, 2025.
Airbus SE has reaffirmed its target of delivering 770 aircraft in 2024, despite facing supply chain challenges that could impact production plans. The announcement coincided with the release of third-quarter adjusted earnings before interest and taxes of €1.41 billion, surpassing analyst expectations of €1.21 billion.
Airbus SE is nearing a deal to sell dozens of A320neo family jets to Saudi Arabia's new airline, Riyadh Air, which is backed by the kingdom's sovereign wealth fund. An announcement could come as soon as Wednesday, as Saudi Arabia invests heavily in developing its aviation and tourism sectors.
The global aviation industry is facing significant challenges due to delays in aircraft deliveries from Boeing and Airbus, leading airlines to maintain older, less efficient jets. United Airlines has adjusted its fleet plans amid rising costs, while budget carriers in Europe and the US have scaled back growth targets. Long-haul airlines like Cathay Pacific and Lufthansa are also struggling with the delayed introduction of Boeing's 777X, now expected in 2026.
Spirit Airlines Inc. has agreed to sell 23 Airbus SE aircraft for $519 million, providing a crucial cash infusion as the airline faces potential bankruptcy. The sale is expected to enhance Spirit's liquidity by approximately $225 million through the end of 2025, following the elimination of related debt. Deliveries to the buyer, GA Telesis LLC, are scheduled to occur by February.
UBS has maintained a "Neutral" rating for Airbus with a price target of 140 euros, despite the company's weak delivery figures. Analyst Ian Douglas-Pennant suggests that while the market anticipates a new certification for GE's Leap engine will alleviate supply chain issues, he believes its significance is overstated, as bottlenecks persist in various areas.
UBS has maintained a 'Neutral' rating on Airbus with a target price of 140 euros. Analyst Ian Douglas-Pennant noted the company's optimistic outlook for operating results (EBIT) but expressed concerns regarding cash development ahead of the upcoming quarterly figures. Airbus, Europe's largest aerospace firm, generates 71.8% of its revenue from civil aircraft, with significant contributions from security and space systems (17.4%) and helicopters (10.8%).
UBS has maintained a "Neutral" rating on Airbus with a price target of 140 euros. While the aircraft manufacturer expresses optimism about its operating results (EBIT) ahead of quarterly figures, concerns remain regarding cash flow development, according to analyst Ian Douglas-Pennant.
The DAX 40 has reached a new record of 19,501 points, gaining 0.7% as it benefits from positive economic data and strong performances from major companies like SAP and Airbus. With a bullish medium-term outlook, the index could target 20,000 and potentially 21,000 points, especially following the upcoming U.S. presidential election on November 5, which historically has led to significant gains.
Dan Loeb's Third Point hedge fund achieved a 2.9% gain in September, outperforming the S&P 500's 2.1%, but remains behind the benchmark for the year with a 15.6% increase compared to 22.1%. Key contributors included Vistra Corp., Amazon, and Meta Platforms, while losses came from Advance Automotive Parts and Airbus. The fund's stock portfolio is currently 75% net long, maintaining its top positions in Pacific Gas & Electric, Amazon, and Taiwan Semiconductor Manufacturing.
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ubs maintains neutral rating for airbus with target price of 140 euros
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ubs maintains neutral rating on airbus with target price of 140 euros
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