Weiss Ratings Reaffirms Hold (C+) Rating for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Key Points

• Weiss Ratings has reaffirmed a "hold (C+)" rating for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ), indicating a neutral outlook on the stock.
• Several analysts are optimistic, with Goldman Sachs raising its price target to $67.00 and maintaining a "buy" rating, while Wolfe Research upgraded the stock to "outperform" with a $64.00 target.
• Despite a revenue of $1.82 billion in its latest quarter, Embraer missed the EPS estimate, reporting a loss of ($0.02) per share, compared to an expected profit of $0.47.

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

A number of other analysts have also issued reports on the company. The Goldman Sachs Group lifted their price target on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Wolfe Research raised Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price target on the stock in a research note on Thursday, July 31st. Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Bank of America lifted 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 note on Thursday, September 11th. Finally, Zacks Research raised Embraer-Empresa Brasileira de Aeronautica from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $59.40.

Embraer-Empresa Brasileira de Aeronautica Price Performance

ERJ traded up $0.65 during trading on Wednesday, hitting $58.38. The company's stock had a trading volume of 495,352 shares, compared to its average volume of 1,115,370. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.58. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $32.26 and a twelve month high of $62.09. The business's fifty day simple moving average is $58.04 and its 200 day simple moving average is $51.90. The firm has a market capitalization of $10.72 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 3.49 and a beta of 1.82.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($0.02) EPS 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 business 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 business posted $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several institutional investors and hedge funds have recently modified their holdings of ERJ. WPG Advisers LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at $25,000. Jones Financial Companies Lllp raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company's stock valued at $70,000 after buying an additional 747 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 241.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,766 shares of the aerospace company's stock valued at $82,000 after buying an additional 1,249 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 673.0% in the 1st quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock valued at $114,000 after buying an additional 2,147 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1,608.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,170 shares of the aerospace company's stock valued at $123,000 after buying an additional 2,043 shares during the period. Hedge funds and other institutional investors own 34.65% of the company's stock.

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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