Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Short Interest Down 23.3% in August

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 5,500,000 shares, adecreaseof23.3% from the July 31st total of 7,170,000 shares. Currently,3.0% of the shares of the stock are sold short. Based on an average trading volume of 1,940,000 shares, the short-interest ratio is currently 2.8 days. Based on an average trading volume of 1,940,000 shares, the short-interest ratio is currently 2.8 days. Currently,3.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ERJ. 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. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and raised their price target for the stock from $45.00 to $57.00 in a research note on Wednesday, June 4th. 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. Wolfe Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price objective for the company in a research report on Thursday, July 31st. Finally, UBS Group boosted their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the company a "sell" rating in a research report on Friday, August 15th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $57.40.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

NYSE:ERJ opened at $60.97 on Monday. The firm has a 50 day simple moving average of $55.71 and a 200-day simple moving average of $50.48. 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 firm has a market cap of $11.20 billion, a PE ratio of 29.74 and a beta of 1.87. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $32.26 and a 1-year high of $61.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released 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 return on equity of 13.38% and a net margin of 5.43%.The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business posted $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, equities analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Institutional investors and hedge funds have recently bought and sold shares of the stock. WPG Advisers LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth approximately $25,000. Jones Financial Companies Lllp increased its position in Embraer-Empresa Brasileira de Aeronautica by 98.2% during the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company's stock worth $70,000 after purchasing an additional 747 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Embraer-Empresa Brasileira de Aeronautica by 241.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,766 shares of the aerospace company's stock worth $82,000 after purchasing an additional 1,249 shares during the last quarter. Farther Finance Advisors LLC increased its position in Embraer-Empresa Brasileira de Aeronautica by 673.0% during the first quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock worth $114,000 after purchasing an additional 2,147 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in Embraer-Empresa Brasileira de Aeronautica by 1,608.7% during the second quarter. First Horizon Advisors Inc. now owns 2,170 shares of the aerospace company's stock worth $123,000 after purchasing an additional 2,043 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company's stock.

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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