Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Raised to "Outperform" at Wolfe Research

Key Points

• Wolfe Research upgraded Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) from "peer perform" to "outperform," setting a target price of $64.00, suggesting a potential upside of 16.49%.
• Several brokerages have recently issued reports, with HSBC upgrading their rating to "strong-buy" and increasing the target price to $57.00, while Goldman Sachs raised its target from $54.00 to $60.00.
• Embraer's latest earnings report showed an EPS of $0.40, surpassing estimates and marking a 23.0% increase in quarterly revenue compared to the previous year.

Wolfe Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) from a peer perform rating to an outperform rating in a report released on Thursday, MarketBeat Ratings reports. Wolfe Research currently has $64.00 target price on the aerospace company's stock.

ERJ has been the topic of several other reports. Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. HSBC upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and boosted their target price for the company from $45.00 to $57.00 in a research note on Wednesday, June 4th. UBS Group reissued a "sell" rating and issued a $39.00 price objective (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group upped their price objective on Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.67.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of NYSE ERJ traded up $1.32 during midday trading on Thursday, reaching $58.16. 1,517,132 shares of the company traded hands, compared to its average volume of 1,777,174. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $26.04 and a 52 week high of $61.65. The stock has a 50-day moving average price of $51.84 and a 200 day moving average price of $47.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.32 and a quick ratio of 0.59. The company has a market cap of $10.68 billion, a price-to-earnings ratio of 26.93 and a beta of 1.76.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.19. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.17 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.02% and a return on equity of 16.43%. The business's revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.48) EPS. Sell-side analysts anticipate 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 company also recently announced a -- dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were given a $0.049 dividend. The ex-dividend date of this dividend was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's dividend payout ratio is presently 1.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. WPG Advisers LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth about $25,000. Colonial Trust Co SC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $42,000. Jones Financial Companies Lllp boosted 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 purchasing an additional 747 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 71.9% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company's stock valued at $71,000 after purchasing an additional 809 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted 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 purchasing an additional 1,249 shares in 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.