Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Given New $44.00 Price Target at UBS Group

Key Points

• UBS Group has increased their price target for Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00, indicating a potential downside of 24.60% from the current price while maintaining a "sell" rating.
• Several research firms have offered mixed ratings on the stock, with Goldman Sachs raising its target to $67.00 and giving a "buy" rating, while Wall Street Zen downgraded to a "hold" rating.
• Embraer reported a quarterly loss of ($0.02) earnings per share, missing analysts' expectations, despite revenues of $1.82 billion surpassing the anticipated $1.67 billion.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) had its price target raised by UBS Group from $39.00 to $44.00 in a report issued on Friday,Benzinga reports. The firm currently has a sell rating on the aerospace company's stock.

Several other research firms have also recently issued reports on ERJ. Wolfe Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price objective for the company in a research report on Thursday, July 31st. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group increased their price objective on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. HSBC raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and lifted their target price for the company from $45.00 to $57.00 in a research report on Wednesday, June 4th. Finally, Wall Street Zen cut Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $54.67.

Embraer-Empresa Brasileira de Aeronautica Trading Up 0.6%

Shares of ERJ traded up $0.37 during mid-day trading on Friday, reaching $57.89. 1,568,449 shares of the company's stock traded hands, compared to its average volume of 2,519,422. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.33 and a quick ratio of 0.60. The stock's 50-day moving average is $54.24 and its two-hundred day moving average is $49.07. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $31.76 and a 12 month high of $61.65. The stock has a market cap of $10.63 billion, a P/E ratio of 28.24 and a beta of 1.76.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released its 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 business had revenue of $1.82 billion for 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 quarter last year, the business posted $0.44 earnings per share. Research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ERJ. WPG Advisers LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at about $25,000. Colonial Trust Co SC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $42,000. Jones Financial Companies Lllp grew its stake in Embraer-Empresa Brasileira de Aeronautica by 98.2% during the 1st 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 last quarter. Northwestern Mutual Wealth Management Co. increased its position in Embraer-Empresa Brasileira de Aeronautica by 241.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,766 shares of the aerospace company's stock valued at $82,000 after buying an additional 1,249 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Embraer-Empresa Brasileira de Aeronautica by 673.0% in the first quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock valued at $114,000 after buying an additional 2,147 shares during the last quarter. 34.65% of the stock is 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.