Airbus CEO Eyes Flying Car in 2017 (EADSY)

Tom Enders, CEO of aerospace company Airbus Group SE (EADSY), has indicated that it may be only a matter of months — not years — before a self-piloted flying car reaches city roads. (See also: Will Airbus Make a Comeback?)

Enders said EADSY could unveil a test version of a self-piloted flying car by the end of 2017, Reuters reported. He also noted that EADSY is in the experimentation stage of development of a flying car and is committed to transforming its vision into a reality. "One hundred years ago, urban transport went underground, now we have the technological wherewithal to go above ground. … We take this development very seriously," Enders said, according to Reuters.

Furthermore, EADSY is the world's largest manufacturer of helicopters, and the business last year formed an urban air mobility division that could play a major role in the company's future.

Reuters pointed out that EADSY's urban air mobility division is studying the development of helicopter-style vehicles that can carry multiple riders simultaneously. In addition, Reuters reported that riders would be able to book trips on these vehicles via a mobile app.

EADSY recorded strong results over the first nine months of 2016, which is reflected in the business's most recent earnings report.

Some of EADSY's results during the first nine months of 2016 included:

Group order intake of nearly $77.9 billion.

Total revenues of roughly $45.4 billion.

380 net commercial aircraft orders.

The Cerbat Gem reported various brokerage firms recently commented on EADSY shares, including:

Morgan Stanley: Gave EADSY shares a Buy rating on Jan. 5.

Citigroup: Set a Buy grade for the company's shares on Nov. 4.

Deutsche Bank: Provided a Buy recommendation on Sept. 27.

EADSY features a market capitalization of $53.68 billion, The Cerbat Gem noted. Also, EADSY shares have a 50-day moving average price of $66.56 and a 200-day moving average price of $59.05.

Source: Airbus CEO Eyes Flying Car in 2017 (EADSY)