Brokerages Set Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) PT at $59.40

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $59.40.

Several research firms have commented on ERJ. Bank of America increased their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 4th. Wolfe Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “peer perform” rating to an “outperform” rating and set a $64.00 price target for the company in a research report on Thursday, July 31st. Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, UBS Group raised their price objective on Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the company a “sell” rating in a research note on Friday, August 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ERJ. Brighton Jones LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at $502,000. Millennium Management LLC lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 10.3% in the fourth quarter. Millennium Management LLC now owns 464,744 shares of the aerospace company’s stock worth $17,047,000 after purchasing an additional 43,545 shares during the last quarter. Quantinno Capital Management LP purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $227,000. Two Sigma Investments LP grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 27.4% during the fourth quarter. Two Sigma Investments LP now owns 506,051 shares of the aerospace company’s stock valued at $18,562,000 after buying an additional 108,740 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth approximately $5,042,000. Institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

NYSE ERJ opened at $59.94 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.33 and a quick ratio of 0.60. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $32.26 and a 1-year high of $62.09. The business has a 50 day simple moving average of $56.33 and a two-hundred day simple moving average of $51.53. The stock has a market capitalization of $11.01 billion, a PE ratio of 29.24, a P/E/G ratio of 3.65 and a beta of 1.87.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.49). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%.The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the company earned $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

About Embraer-Empresa Brasileira de Aeronautica

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.