Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Price Target Raised to $70.00 at Citigroup

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) had its price target lifted by Citigroup from $59.00 to $70.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the aerospace company’s stock.

Other research analysts also recently issued research reports about the company. Wolfe Research raised 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. Bank of America increased their price target on Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, September 11th. UBS Group increased their target price on Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the stock a “sell” rating in a report on Friday, August 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.17.

Embraer-Empresa Brasileira de Aeronautica Trading Down 2.1%

Shares of ERJ opened at $59.22 on Wednesday. The company has a market capitalization of $10.88 billion, a P/E ratio of 28.89, a P/E/G ratio of 3.66 and a beta of 1.82. Embraer-Empresa Brasileira de Aeronautica has a one year low of $32.88 and a one year high of $62.09. 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 stock has a 50-day moving average price of $58.14 and a 200 day moving average price of $52.25.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.49). The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.43% and a return on equity of 13.38%. During the same period in the prior year, the company posted $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

Institutional investors and hedge funds have recently made changes to their positions in the stock. WPG Advisers LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth approximately $25,000. Jones Financial Companies Lllp raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 747 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 241.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,766 shares of the aerospace company’s stock worth $82,000 after purchasing an additional 1,249 shares during the period. Farther Finance Advisors LLC raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 673.0% during the 1st quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company’s stock worth $114,000 after purchasing an additional 2,147 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1,608.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,170 shares of the aerospace company’s stock worth $123,000 after purchasing an additional 2,043 shares during the period. 34.65% of the stock is currently owned by institutional investors and hedge funds.

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.