Citi Affirms Strong Outlook for Airbus with Target Price of EUR182
Citi Maintains Buy Rating on Airbus SE
Citi has reaffirmed its strong Buy rating on Airbus SE (AIR: FP), based on its confident analysis of the aircraft manufacturer’s performance and market dynamics. The firm upholds a price target of EUR182.00, underscoring its optimistic outlook on the company's potential growth and delivery capabilities.
Focus on Delivery Performance
The investment firm recently addressed concerns related to Airbus's delivery numbers for September. It highlighted the importance of not rushing to conclusions regarding full-year delivery forecasts based solely on short-term performance metrics. Instead, Citi has provided insight into historical patterns that suggest a more stable view of delivery timelines.
Historical Context of Deliveries
Citi's historical analysis reveals that by the end of August, Airbus typically achieves about 57.2% of its total annual deliveries, a figure that increases to approximately 65.3% by the end of September. This trend illustrates a consistent pattern that can serve as a useful benchmark for evaluating the current year's performance.
2024 Delivery Expectations
Looking ahead to 2024, the firm notes that Airbus has set an ambitious delivery target of 770 aircraft. By the end of August, projections suggested that there would be around 440 deliveries. Recent data confirms that actual deliveries have slightly outperformed expectations, totaling 447.
September’s Targets and Projections
For September, the set target is 503 aircraft deliveries, which translates to an average requirement of around 56 deliveries for the month. As of mid-September, data provider Cirium has recorded 25 deliveries, showcasing that historical trends indicate about 46% of deliveries occur within the first three weeks of the month.
Estimating September Deliveries
Based on the current trajectory, if Airbus can deliver approximately 54 to 56 aircraft by the end of September, it would fall within the projected range. Notably, achieving 60 deliveries would be perceived as an exceptionally positive outcome, further solidifying confidence in the company's performance.
Conclusion
In conclusion, Citi’s supportive evaluation of Airbus SE reflects a broader confidence in the company's ability to navigate delivery targets effectively. Stakeholders and investors can look forward to the forthcoming performance results, which are expected to stay aligned with historical delivery trends.
Frequently Asked Questions
What is Citi's current rating on Airbus SE?
Citi has maintained a Buy rating on Airbus SE, emphasizing its positive outlook.
What is the target price set by Citi for Airbus stock?
Citi has set a price target of EUR182.00 for Airbus stock.
How does Airbus typically perform in September regarding deliveries?
Historically, Airbus achieves significant deliveries in September, with about 46% occurring by mid-month.
What were the actual deliveries by Airbus as of the end of August?
By the end of August, Airbus recorded 447 deliveries, slightly above the forecasted 440.
What would be considered a positive delivery outcome for September?
A count of 60 deliveries in September would be viewed as a very positive outcome for Airbus.
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