Bank of America Forecasts Strong Price Appreciation for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Stock

Key Points

• Bank of America has raised its price target for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) from $55.00 to $65.00, maintaining a "buy" rating, indicating a potential upside of 9.46% from the current price.
• Multiple analysts have varied opinions on Embraer's stock; UBS Group downgraded it to "sell" with a target of $44.00, while Goldman Sachs increased its target to $67.00 and maintained a "buy" rating.
• Embraer reported a quarterly revenue of $1.82 billion, surpassing estimates, but missed EPS expectations, reflecting ongoing challenges in profitability.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) had its target price lifted by equities researchers at Bank of America from $55.00 to $65.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the aerospace company's stock. Bank of America's target price suggests a potential upside of 12.89% from the stock's previous close.

Several other equities research analysts also recently issued reports on ERJ. Zacks Research downgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a report on Friday, August 15th. HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and increased their price objective for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. The Goldman Sachs Group increased their price objective on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. UBS Group raised their price target 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. Finally, Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.40.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Embraer-Empresa Brasileira de Aeronautica stock traded up $0.62 on Thursday, reaching $57.58. The company's stock had a trading volume of 413,384 shares, compared to its average volume of 1,737,765. 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 has a market cap of $10.58 billion, a price-to-earnings ratio of 28.09 and a beta of 1.87. The business's fifty day moving average price is $55.61 and its 200 day moving average price is $51.11. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $32.26 and a twelve month high of $62.09.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its quarterly earnings results 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 net margin of 5.43% and a return on equity of 13.38%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company earned $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. Equities analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. WPG Advisers LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth $25,000. Jones Financial Companies Lllp grew its position in 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 acquiring an additional 747 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 buying an additional 1,249 shares during the period. First Horizon Advisors Inc. lifted its holdings in 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 buying an additional 2,043 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in 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 buying an additional 2,147 shares during the period. Institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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.