Embraer-Empresa Brasileira de Aeronautica's (ERJ) "Hold (C+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Embraer-Empresa Brasileira de Aeronautica (NYSE: ERJ) has had its "hold (C+)" rating reaffirmed by Weiss Ratings, indicating cautious investor sentiment.
• Price targets for the stock vary widely, with UBS Group setting a target of $44.00 (sell) and Citigroup raising it to $70.00 (buy), highlighting differing analyst opinions.
• The company's recent earnings report showed a significant miss in EPS at ($0.02), compared to a consensus estimate of $0.47, despite revenue exceeding expectations at $1.82 billion.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report)'s stock had its "hold (c+)" rating restated by stock analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Several other equities analysts have also issued reports on ERJ. UBS Group lifted 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 report on Friday, August 15th. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Zacks Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Citigroup lifted their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, October 15th. Finally, 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 on the stock in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica has an average rating of "Moderate Buy" and an average target price of $61.17.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Embraer-Empresa Brasileira de Aeronautica stock opened at $64.20 on Friday. The company has a 50 day moving average price of $58.66 and a 200-day moving average price of $53.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.60 and a current ratio of 1.33. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $33.06 and a fifty-two week high of $64.73. The company has a market capitalization of $11.79 billion, a PE ratio of 31.32, a P/E/G ratio of 5.94 and a beta of 1.82.

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

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several institutional investors and hedge funds have recently bought and sold shares of ERJ. GQG Partners LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the first quarter worth $276,246,000. JPMorgan Chase & Co. grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 654.5% in the first quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company's stock worth $161,737,000 after purchasing an additional 3,036,797 shares during the last quarter. Jennison Associates LLC grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 215.7% in the first quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company's stock worth $190,629,000 after purchasing an additional 2,819,306 shares during the last quarter. Nuveen LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the first quarter worth $84,931,000. Finally, Invesco Ltd. grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 116.8% in the first quarter. Invesco Ltd. now owns 2,678,821 shares of the aerospace company's stock worth $123,762,000 after purchasing an additional 1,443,186 shares during the last quarter. 34.65% of the stock is 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.

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