Bank of America Issues Positive Forecast for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Stock Price

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 price objective hoisted by research analysts at Bank of America from $55.00 to $65.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the aerospace company's stock. Bank of America's price target would indicate a potential upside of 9.46% from the company's current price.

Other research analysts have also recently issued research reports about the stock. UBS Group lifted their target price on shares of 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. Zacks Research cut shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Wolfe Research raised Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 target price on the stock in a research note on Thursday, July 31st. Finally, The Goldman Sachs Group lifted their target price 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. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, Embraer-Empresa Brasileira de Aeronautica presently has an average rating of "Moderate Buy" and a consensus price target of $59.40.

Embraer-Empresa Brasileira de Aeronautica Trading Down 1.3%

NYSE:ERJ opened at $59.38 on Thursday. The company's 50 day moving average is $55.80 and its 200-day moving average is $50.74. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.58. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $32.26 and a 12 month high of $62.09. The firm has a market cap of $10.91 billion, a price-to-earnings ratio of 28.97 and a beta of 1.87.

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) 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 business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the firm earned $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. Equities analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. GQG Partners LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at $276,246,000. Jennison Associates LLC lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 215.7% in the 1st quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company's stock valued at $190,629,000 after purchasing an additional 2,819,306 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Embraer-Empresa Brasileira de Aeronautica by 654.5% in the first quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company's stock valued at $161,737,000 after buying an additional 3,036,797 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 116.8% during the first quarter. Invesco Ltd. now owns 2,678,821 shares of the aerospace company's stock worth $123,762,000 after buying an additional 1,443,186 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $84,931,000. 34.65% of the stock is owned by institutional investors.

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.

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