Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Hits New 12-Month High - Here's Why

Key Points

• Embraer-Empresa Brasileira de Aeronautica's stock reached a new 52-week high of $62.09, closing at $60.71 after trading 541,811 shares.
• Analysts have shown mixed ratings for the company, with Goldman Sachs upgrading their target price to $67.00, while Zacks Research downgraded it to "strong sell."
• Embraer reported earnings of ($0.02) per share for the last quarter, missing the consensus estimate by ($0.49), but generated revenues of $1.82 billion, exceeding estimates.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $62.09 and last traded at $60.71, with a volume of 541811 shares traded. The stock had previously closed at $60.19.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ERJ shares. The Goldman Sachs Group raised their target price on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. HSBC raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and raised their price target for the company from $45.00 to $57.00 in a report on Wednesday, June 4th. Zacks Research cut Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a report on Friday, August 15th. Wall Street Zen cut Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Wolfe Research raised Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price target for the company in a report on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.40.

Embraer-Empresa Brasileira de Aeronautica Price Performance

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 firm has a market capitalization of $11.18 billion, a P/E ratio of 29.59 and a beta of 1.87. The company has a 50-day moving average price of $55.80 and a 200-day moving average price of $50.68.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last posted 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 return on equity of 13.38% and a net margin of 5.43%.The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. WPG Advisers LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth $25,000. U.S. Capital Wealth Advisors LLC boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 5.3% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 12,312 shares of the aerospace company's stock worth $569,000 after buying an additional 624 shares during the period. US Bancorp DE boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 19.4% during the first quarter. US Bancorp DE now owns 3,984 shares of the aerospace company's stock worth $184,000 after buying an additional 648 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% during the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company's stock worth $70,000 after buying an additional 747 shares during the period. Finally, Vident Advisory LLC boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 6.7% during the first quarter. Vident Advisory LLC now owns 15,015 shares of the aerospace company's stock worth $694,000 after buying an additional 937 shares during the period. 34.65% of the stock is currently owned by institutional investors.

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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