JPMorgan Chase & Co. Issues Positive Forecast for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Stock Price

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) had its target price boosted by JPMorgan Chase & Co. from $79.00 to $80.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an overweight rating on the aerospace company’s stock.

Several other equities analysts also recently commented on ERJ. The Goldman Sachs Group raised their target price on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Wall Street Zen cut Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. UBS Group increased their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the stock a “sell” rating in a research report on Friday, August 15th. Finally, Wolfe Research raised shares of 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 report on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.86.

Embraer-Empresa Brasileira de Aeronautica Price Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.60 and a current ratio of 1.33. The company’s 50 day moving average is $60.44 and its 200-day moving average is $54.78. Embraer-Empresa Brasileira de Aeronautica has a one year low of $33.06 and a one year high of $67.44. The firm has a market cap of $11.97 billion, a P/E ratio of 31.79, a P/E/G ratio of 6.09 and a beta of 1.82.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Embraer-Empresa Brasileira de Aeronautica declared that its Board of Directors has initiated a share buyback program on Thursday, November 6th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ERJ. Farther Finance Advisors LLC boosted its position in Embraer-Empresa Brasileira de Aeronautica by 15.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,149 shares of the aerospace company’s stock valued at $130,000 after buying an additional 291 shares during the last quarter. WPG Advisers LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at about $25,000. U.S. Capital Wealth Advisors LLC boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 5.3% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 12,312 shares of the aerospace company’s stock valued at $569,000 after acquiring an additional 624 shares during the last quarter. US Bancorp DE increased its position in Embraer-Empresa Brasileira de Aeronautica by 19.4% in the first quarter. US Bancorp DE now owns 3,984 shares of the aerospace company’s stock worth $184,000 after purchasing an additional 648 shares during the period. Finally, Ethic Inc. raised its holdings in Embraer-Empresa Brasileira de Aeronautica by 13.8% during the 3rd quarter. Ethic Inc. now owns 5,503 shares of the aerospace company’s stock worth $333,000 after purchasing an additional 666 shares during the last quarter. Institutional investors own 34.65% of the company’s stock.

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.