Airbus Stock Rebounds by 2% to €171.04 After a Week Weighed Down by Brent
Airbus stock rises by 2% to €171.04 in mid-afternoon trading, while the CAC 40 gains 0.22% at 7,970.34 points. The European aerospace manufacturer rebounds after a challenging week, marked by a nearly 5% decline under the pressure of Brent. The stock is among the top gainers in the Paris index during the session.
Airbus Rebounds to €171.04 but Remains Below Its 200-Day Moving Average
Airbus regains 2% to €171.04 after several sessions of decline. The stock is now touching its 50-day moving average (€171.00) but remains slightly below the 20-day average (€173.76). The gap with the 200-day average (€189.94) remains significant, at nearly 10%.
The RSI at 43 indicates a neutral configuration, following last week's decline. The price is in the lower part of the Bollinger Bands (39%), close to the identified support at €162.62. Resistance is located at €188.50.
Today's rebound mitigates some of the weekly decline of 4.91% and the nearly 13% drop over three months. Over one year, the performance remains positive at 6.74%. The session occurs in a better-oriented index context, with the CAC 40 up 0.22% and the SBF 120 gaining 0.17%, while Brent remains above $110 per barrel.
Busy Schedule Between Sustainability Forum, Defense Summit, and Eurosatory
The aircraft manufacturer's schedule looks busy in the coming weeks. The company will participate tomorrow in the sustainability forum organized by Oddo BHF, followed by the Airbus Defense Summit on May 20. The BNP Paribas CEO conference is scheduled for June 4, before the Eurosatory exhibition on June 17, a major event for the defense and security sector.
Operationally, the group's orders have significantly increased in the first quarter, with 398 net commercial aircraft recorded compared to 204 a year earlier, according to the results announcement published on April 29. However, revenue had declined by 7% to €12.7 billion and adjusted profit had fallen by 52% to €300 million. AirAsia has since signed an order for 150 A220-300s, pushing the program beyond 1,000 firm orders accumulated, according to the announcement on May 7.
Based on the consensus of analysts, the stock is trading at about 23.7 times the expected earnings for the current fiscal year, compared to a sector average of 17.6 times. The next date on the financial calendar is set for May 19 with the Oddo BHF sustainability forum.
