Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Given Consensus Recommendation of "Moderate Buy" by Brokerages

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.

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

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.