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

Key Points

• Citigroup has raised its price target for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) from $59.00 to $70.00, suggesting a potential upside of 17.92% from the current stock price.
• The stock currently holds a consensus rating of Moderate Buy, with two analysts recommending a Strong Buy, five a Buy, two a Hold, and one a Sell.
• Embraer reported quarterly earnings with an EPS of ($0.02), missing expectations of $0.47, while revenue reached $1.82 billion, exceeding analyst estimates of $1.67 billion.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) had its price target hoisted by analysts at Citigroup from $59.00 to $70.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the aerospace company's stock. Citigroup's target price would indicate a potential upside of 17.92% from the stock's current price.

Other equities research analysts have also issued 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 on the stock in a research report on Thursday, July 31st. Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. 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 report on Thursday, August 7th. Weiss Ratings reissued a "hold (c+)" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, October 8th. Finally, Bank of America raised their price target on Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, September 11th. Two equities research 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. Based on data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica currently has a consensus rating of "Moderate Buy" and an average target price of $61.17.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

NYSE:ERJ traded down $1.14 during midday trading on Wednesday, reaching $59.36. The stock had a trading volume of 236,684 shares, compared to its average volume of 1,661,213. The firm has a fifty day simple moving average of $58.09 and a two-hundred day simple moving average of $52.20. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $32.88 and a 12-month high of $62.09. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.58. The stock has a market cap of $10.90 billion, a P/E ratio of 29.02, a P/E/G ratio of 3.49 and a beta of 1.82.

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

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 1,057.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 212,054 shares of the aerospace company's stock valued at $9,797,000 after purchasing an additional 193,739 shares during the last quarter. Jennison Associates LLC grew its stake in Embraer-Empresa Brasileira de Aeronautica by 215.7% in the first quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company's stock valued at $190,629,000 after acquiring an additional 2,819,306 shares during the period. Janney Montgomery Scott LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at about $249,000. Diversify Wealth Management LLC grew its stake in Embraer-Empresa Brasileira de Aeronautica by 13.0% in the first quarter. Diversify Wealth Management LLC now owns 43,950 shares of the aerospace company's stock valued at $2,004,000 after acquiring an additional 5,061 shares during the period. Finally, Alberta Investment Management Corp grew its stake in Embraer-Empresa Brasileira de Aeronautica by 37.3% in the first quarter. Alberta Investment Management Corp now owns 160,163 shares of the aerospace company's stock valued at $7,400,000 after acquiring an additional 43,520 shares during the period. Institutional investors own 34.65% of the company's stock.

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.

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