Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Receives Consensus Rating of “Moderate Buy” from Analysts

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) has earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $61.1667.

Several research firms have recently issued reports on ERJ. Bank of America raised their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, September 11th. Citigroup increased their price objective on Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group lifted 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. The Goldman Sachs Group increased their price target on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, 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.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several large investors have recently modified their holdings of ERJ. Ethic Inc. raised its stake in Embraer-Empresa Brasileira de Aeronautica by 13.8% during the third quarter. Ethic Inc. now owns 5,503 shares of the aerospace company’s stock worth $333,000 after buying an additional 666 shares during the last quarter. Burns Matteson Capital Management LLC grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 18.2% during the 3rd quarter. Burns Matteson Capital Management LLC now owns 9,056 shares of the aerospace company’s stock worth $547,000 after acquiring an additional 1,397 shares during the period. Farther Finance Advisors LLC raised its position in shares of 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 worth $130,000 after acquiring an additional 291 shares in the last quarter. Rexford Capital Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter worth about $203,000. Finally, AlpenGlobal Capital LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter valued at about $1,115,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Embraer-Empresa Brasileira de Aeronautica stock opened at $59.51 on Tuesday. The stock has a 50-day moving average price of $58.19 and a two-hundred day moving average price of $52.47. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $33.06 and a 12 month high of $62.09. The company has a market capitalization of $10.93 billion, a PE ratio of 29.03, a P/E/G ratio of 3.59 and a beta of 1.82. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.58.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last released 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). The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates 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 earned $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. Analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current 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.