Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $50.40.
ERJ has been the topic of a number of recent analyst reports. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, March 24th. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and increased their price target for the stock from $45.00 to $57.00 in a research note 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 research note on Wednesday, June 4th. UBS Group reaffirmed a "sell" rating and set a $39.00 price target (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group increased their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, May 12th.
Check Out Our Latest Stock Analysis on ERJ
Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica
Hedge funds have recently made changes to their positions in the business. WPG Advisers LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth $25,000. Jones Financial Companies Lllp purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $28,000. SPX Gestao de Recursos Ltda purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $37,000. Colonial Trust Co SC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $42,000. Finally, Lindbrook Capital LLC increased its stake in Embraer-Empresa Brasileira de Aeronautica by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock worth $58,000 after buying an additional 389 shares during the period. Hedge funds and other institutional investors own 34.65% of the company's stock.
Embraer-Empresa Brasileira de Aeronautica Trading Up 3.3%
NYSE ERJ traded up $1.97 during mid-day trading on Friday, reaching $61.34. 914,233 shares of the stock were exchanged, compared to its average volume of 1,492,076. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $26.04 and a 1-year high of $61.05. The business's fifty day simple moving average is $49.86 and its 200 day simple moving average is $45.51. 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 announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.19. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.17 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.02% and a return on equity of 16.43%. Embraer-Empresa Brasileira de Aeronautica's revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.48) earnings per share. On average, research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.
Embraer-Empresa Brasileira de Aeronautica Announces Dividend
The firm also recently announced a -- dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were paid a $0.049 dividend. The ex-dividend date of this dividend was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's dividend payout ratio is presently 1.85%.
Embraer-Empresa Brasileira de Aeronautica Company Profile
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Get Free ReportEmbraer 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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