Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Sets New 52-Week High - Here's What Happened

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 changing hands. The stock had previously closed at $60.19.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. UBS Group upped their price objective on 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. Bank of America upped their price objective on Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday. Zacks Research downgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a research report on Friday, August 15th. HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and increased their target price for the stock from $45.00 to $57.00 in a research report on Wednesday, June 4th. Finally, Wolfe Research upgraded 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 report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $59.40.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

The stock has a market cap of $10.53 billion, a P/E ratio of 27.96 and a beta of 1.87. The firm's fifty day moving average price is $55.67 and its two-hundred day moving average price is $51.04. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.33 and a quick ratio of 0.60.

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 for the quarter, missing the consensus estimate of $0.47 by ($0.49). The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. GQG Partners LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at $276,246,000. Jennison Associates LLC increased 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 last quarter. JPMorgan Chase & Co. increased its stake 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 acquiring an additional 3,036,797 shares during the last quarter. Invesco Ltd. increased its stake in 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 acquiring an additional 1,443,186 shares during the last quarter. Finally, Nuveen LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at $84,931,000. 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.