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

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) has earned an average rating of "Moderate Buy" from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $50.40.

A number of analysts recently issued reports on ERJ shares. Wolfe Research reissued a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, March 24th. The Goldman Sachs Group increased their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Wall Street Zen downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. UBS Group reissued a "sell" rating and set a $39.00 target price (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th. Finally, HSBC raised shares of 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.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of Embraer-Empresa Brasileira de Aeronautica stock traded up $0.22 on Friday, hitting $61.24. The company's stock had a trading volume of 165,196 shares, compared to its average volume of 1,486,839. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $26.04 and a 52-week high of $61.70. The company has a quick ratio of 0.59, a current ratio of 1.32 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average price of $49.86 and a 200-day moving average price of $45.57. The company has a market capitalization of $11.25 billion, a P/E ratio of 28.36 and a beta of 1.72.

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 for the quarter, beating the consensus estimate of $0.21 by $0.19. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.02% and a return on equity of 16.43%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted ($0.48) EPS. The firm's revenue for the quarter was up 23.0% on a year-over-year basis. On average, equities research 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 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 dividend of $0.049 per share. The ex-dividend date of this dividend was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's dividend payout ratio (DPR) is currently 2.31%.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several institutional investors and hedge funds have recently made changes to their positions in the business. GQG Partners LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at approximately $276,246,000. Jennison Associates LLC raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 215.7% during the 1st 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 in the last quarter. JPMorgan Chase & Co. raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 654.5% during the 1st 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 in the last quarter. Invesco Ltd. raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 116.8% during the 1st 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 in the last quarter. Finally, Carrhae Capital LLP raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 48.1% during the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock valued at $97,963,000 after acquiring an additional 866,919 shares in the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

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.