Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Receives $63.86 Consensus Price Target from Brokerages

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $63.8571.

ERJ has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Wednesday, October 8th. Zacks Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Wall Street Zen cut Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. lifted their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. 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 report on Friday, August 15th.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several large investors have recently modified their holdings of ERJ. Farther Finance Advisors LLC lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 15.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,149 shares of the aerospace company’s stock valued at $130,000 after purchasing an additional 291 shares in the last quarter. WPG Advisers LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth approximately $25,000. U.S. Capital Wealth Advisors LLC lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 5.3% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 12,312 shares of the aerospace company’s stock valued at $569,000 after buying an additional 624 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 19.4% in the first quarter. US Bancorp DE now owns 3,984 shares of the aerospace company’s stock valued at $184,000 after buying an additional 648 shares during the period. Finally, Ethic Inc. boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 13.8% in the third quarter. Ethic Inc. now owns 5,503 shares of the aerospace company’s stock valued at $333,000 after buying an additional 666 shares during the period. 34.65% of the stock is currently owned by institutional investors.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of ERJ stock opened at $65.18 on Friday. The firm’s 50 day moving average price is $60.94 and its two-hundred day moving average price is $55.30. 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 52-week low of $33.06 and a 52-week high of $67.44. The stock has a market cap of $11.97 billion, a PE ratio of 31.79, a PEG ratio of 6.09 and a beta of 1.82.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its earnings results on Tuesday, November 4th. The aerospace company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.43% and a return on equity of 13.38%. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. As a group, analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Embraer-Empresa Brasileira de Aeronautica declared that its board has authorized a stock buyback program on Thursday, November 6th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

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.