Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Reaches New 52-Week High - Should You Buy?

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $56.77 and last traded at $56.93, with a volume of 419718 shares trading hands. The stock had previously closed at $54.95.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. HSBC raised 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. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. The Goldman Sachs Group raised 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 report on Monday, May 12th. Wall Street Zen cut Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Finally, UBS Group reiterated a "sell" rating and set a $39.00 target price (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $50.40.

Embraer-Empresa Brasileira de Aeronautica Trading Up 3.3%

The stock has a 50-day moving average price of $49.53 and a two-hundred day moving average price of $45.27. The stock has a market capitalization of $11.26 billion, a PE ratio of 28.40 and a beta of 1.72. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.59 and a current ratio of 1.32.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.21 by $0.19. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.17 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.02% and a return on equity of 16.43%. The company's quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.48) earnings per share. As a group, equities analysts forecast 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 business also recently declared a -- dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were given a $0.049 dividend. The ex-dividend date was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's dividend payout ratio is presently 2.31%.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

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