Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Given Average Recommendation of "Buy" by Analysts

Key Points

• Embraer-Empresa Brasileira de Aeronautica has a consensus rating of “Moderate Buy” from seven brokerages, with an average twelve-month target price of $50.40.
• The company recently reported earnings of $0.40 per share for the last quarter, exceeding estimates, while revenue reached $1.10 billion but was below consensus expectations.
• Hedge funds have shown increased interest, with institutional investors owning 34.65% of the stock, and various firms adjusting their ratings and price targets for the company.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) has been assigned an average rating of "Buy" from the seven research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $52.67.

A number of research firms have recently commented on ERJ. Hsbc Global Res upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and boosted their target price 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 shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Wolfe Research raised Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 target price for the company in a research report on Thursday. Finally, UBS Group reissued a "sell" rating and set a $39.00 price target (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at approximately $502,000. JPMorgan Chase & Co. lifted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 109.6% in the 4th quarter. JPMorgan Chase & Co. now owns 464,002 shares of the aerospace company's stock worth $17,020,000 after buying an additional 242,649 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 3.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 81,160 shares of the aerospace company's stock valued at $2,977,000 after buying an additional 2,649 shares during the period. Edmond DE Rothschild Holding S.A. grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 71.9% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company's stock valued at $71,000 after buying an additional 809 shares during the last quarter. Finally, Trexquant Investment LP lifted its holdings in Embraer-Empresa Brasileira de Aeronautica by 514.9% in the fourth quarter. Trexquant Investment LP now owns 211,168 shares of the aerospace company's stock worth $7,746,000 after acquiring an additional 176,826 shares during the last quarter. Institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Trading Up 5.0%

ERJ traded up $2.73 during trading on Thursday, hitting $57.56. The company's stock had a trading volume of 6,436,703 shares, compared to its average volume of 2,659,351. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $26.04 and a twelve month high of $61.65. The firm's 50 day moving average price is $51.65 and its 200-day moving average price is $47.47. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.32 and a quick ratio of 0.59. The stock has a market cap of $10.57 billion, a PE ratio of 26.65 and a beta of 1.72.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.21 by $0.19. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.17 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 16.43% and a net margin of 6.02%. The firm's revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.48) EPS. On average, analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Embraer-Empresa Brasileira de Aeronautica Dividend Announcement

The company also recently disclosed a -- dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were issued a $0.049 dividend. The ex-dividend date of this dividend was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's payout ratio is currently 2.31%.

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.