RBC Capital Markets reaffirms the outperform rating for Airbus SE with an unchanged price target of €185. Analyst Ken Herbert thereby underscores confidence in the long-term value development of the company, which offers exciting insights for private investors in the DAX environment.
Importance of the Rating
Market Positioning: Airbus is the world’s second-largest manufacturer of civil large aircraft and a leader in Europe. Diversification beyond aircraft manufacturing, including helicopters and defense and aerospace technology, sustainably stabilizes the business.
Financial Resilience: In the third quarter of 2024, Airbus was able to report a 9% increase in adjusted EBIT to €1.4 billion, with revenue growth of 5%. Particularly impressive is the growth of the helicopter division.
Supply Chain Management: Despite ongoing supply bottlenecks, Airbus was able to increase the deliveries of commercial aircraft by 9% compared to the previous year, a sign of improved operational efficiency.
Implications for Investors
Price Target vs. Current Valuation: The target indicated by RBC of €185 is above the current price, with analysts such as Berenberg and Citi presenting a broad range of valuations.
Opportunity-Risk Profile: Strengths such as the rising demand in air traffic face risks such as geopolitical tensions and material shortages.
Comparison of Analyst Ratings
| Broker | Rating | Price Target | Date |
|---|---|---|---|
| RBC Capital | Outperform | €185 | Apr. 2025 |
| Citi | Buy | €209 | Apr. 2025 |
| Berenberg | Hold | €140 | Mar. 2025 |
The differing forecasts indicate uncertainties regarding the stability of supply chains and military demand. Nonetheless, RBC’s confirmation underscores the potential through capacity expansion after the COVID-19 pandemic.