Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) has a consensus recommendation of "Moderate Buy" from analysts, with nine brokerages currently covering the stock.
• The average one-year price target for Embraer shares among brokerages is $59.40, reflecting varying ratings including one sell, two holds, four buys, and two strong buys.
• Recent institutional activity includes significant acquisitions, with 34.65% of the stock now owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $59.40.

Several equities research analysts have issued reports on ERJ shares. The Goldman Sachs Group lifted their target price on shares of 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. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Bank of America lifted their price target on shares of 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. UBS Group lifted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the stock a "sell" rating in a research note on Friday, August 15th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Rexford Capital Inc. purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the second quarter worth approximately $203,000. AlpenGlobal Capital LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the second quarter worth approximately $1,115,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the second quarter worth approximately $336,000. Ameriprise Financial Inc. increased its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 1.5% in the second quarter. Ameriprise Financial Inc. now owns 803,640 shares of the aerospace company's stock worth $45,735,000 after buying an additional 12,131 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 99.2% in the second quarter. NewEdge Advisors LLC now owns 16,795 shares of the aerospace company's stock worth $956,000 after buying an additional 8,365 shares during the period. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Trading Up 3.1%

Shares of Embraer-Empresa Brasileira de Aeronautica stock opened at $57.78 on Tuesday. Embraer-Empresa Brasileira de Aeronautica has a 1 year low of $32.26 and a 1 year high of $62.09. The firm has a market cap of $10.61 billion, a PE ratio of 28.19, a PEG ratio of 3.39 and a beta of 1.82. 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 company has a 50 day simple moving average of $58.03 and a two-hundred day simple moving average of $52.14.

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

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.

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