Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Price Target Raised to $70.00

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) had its target price hoisted by Citigroup from $59.00 to $70.00 in a research note issued to investors on Wednesday,Benzinga reports. Citigroup currently has a buy rating on the aerospace company’s stock.

Other analysts also recently issued reports about the company. Wolfe Research raised Embraer-Empresa Brasileira de Aeronautica from a “peer perform” rating to an “outperform” rating and set a $64.00 price target for the company in a report on Thursday, July 31st. Zacks Research raised Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Wednesday, October 8th. Finally, UBS Group lifted their target price on Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the stock a “sell” rating in a research report on Friday, August 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica has a consensus rating of “Moderate Buy” and an average price target of $61.17.

Embraer-Empresa Brasileira de Aeronautica Stock Down 0.1%

Shares of NYSE ERJ opened at $59.51 on Wednesday. The company has a market capitalization of $10.93 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 3.60 and a beta of 1.82. 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 business has a 50-day moving average of $58.19 and a two-hundred day moving average of $52.43. Embraer-Empresa Brasileira de Aeronautica has a 1 year low of $33.06 and a 1 year high of $62.09.

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

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Institutional investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. increased its position in Embraer-Empresa Brasileira de Aeronautica by 1,057.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 212,054 shares of the aerospace company’s stock valued at $9,797,000 after acquiring an additional 193,739 shares during the period. Jennison Associates LLC increased its position in Embraer-Empresa Brasileira de Aeronautica by 215.7% during the 1st 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 period. Janney Montgomery Scott LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth approximately $249,000. Diversify Wealth Management LLC increased its position in Embraer-Empresa Brasileira de Aeronautica by 13.0% during the 1st quarter. Diversify Wealth Management LLC now owns 43,950 shares of the aerospace company’s stock worth $2,004,000 after purchasing an additional 5,061 shares during the period. Finally, Alberta Investment Management Corp increased its position in Embraer-Empresa Brasileira de Aeronautica by 37.3% during the 1st quarter. Alberta Investment Management Corp now owns 160,163 shares of the aerospace company’s stock worth $7,400,000 after purchasing an additional 43,520 shares during the period. 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.