Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Sets New 52-Week High - What's Next?

Key Points

• Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) reached a new 52-week high at $63.46, closing at $63.15 with over 1.14 million shares traded.
• Analysts have varied perspectives, with Citigroup raising its price target to $70 and issuing a "buy" rating, while UBS Group lowered its target to $44 and maintained a "sell" rating.
• The company reported a revenue of $1.82 billion for the last quarter, closely outperforming the expected $1.67 billion but missed earnings estimates with an EPS of ($0.02).

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as $63.46 and last traded at $63.15, with a volume of 1146123 shares changing hands. The stock had previously closed at $60.70.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ERJ. UBS Group raised their target price on Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the stock a "sell" rating in a report on Friday, August 15th. Citigroup raised their price target on Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, October 15th. Bank of America raised their price target on Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, September 11th. Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.17.

Embraer-Empresa Brasileira de Aeronautica Price Performance

The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.58. The company's 50 day moving average is $58.25 and its 200 day moving average is $52.66. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 5.22 and a beta of 1.82.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.49). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%.The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the company earned $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ethic Inc. grew its position in Embraer-Empresa Brasileira de Aeronautica by 13.8% during the third quarter. Ethic Inc. now owns 5,503 shares of the aerospace company's stock worth $333,000 after buying an additional 666 shares in the last quarter. Burns Matteson Capital Management LLC grew its position in Embraer-Empresa Brasileira de Aeronautica by 18.2% during the third quarter. Burns Matteson Capital Management LLC now owns 9,056 shares of the aerospace company's stock worth $547,000 after buying an additional 1,397 shares in the last quarter. Farther Finance Advisors LLC grew its position in Embraer-Empresa Brasileira de Aeronautica by 15.7% during the third quarter. Farther Finance Advisors LLC now owns 2,149 shares of the aerospace company's stock worth $130,000 after buying an additional 291 shares in the last quarter. Rexford Capital Inc. purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the second quarter worth about $203,000. Finally, AlpenGlobal Capital LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the second quarter worth about $1,115,000. 34.65% of the stock is currently owned by hedge funds and other 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.

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