Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Price Target Raised to $80.00

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) had its price objective lifted by JPMorgan Chase & Co. from $79.00 to $80.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the aerospace company’s stock.

Several other research analysts have also commented on ERJ. The Goldman Sachs Group lifted their target price on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Wolfe Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “peer perform” rating to an “outperform” rating and set a $64.00 target price for the company in a research note on Thursday, July 31st. Citigroup raised their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Bank of America lifted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, September 11th. Finally, UBS Group upped their target price on 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. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.86.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of NYSE ERJ opened at $65.18 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.58. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $33.06 and a fifty-two week high of $67.44. The business has a 50 day moving average price of $60.44 and a two-hundred day moving average price of $54.94. The firm has a market cap of $11.97 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 6.09 and a beta of 1.82.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share (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. Sell-side analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica announced that its board has approved a stock repurchase plan on Thursday, November 6th that allows the company to buyback 0 shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of institutional investors and hedge funds have recently modified their holdings of the stock. WPG Advisers LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter worth about $25,000. Jones Financial Companies Lllp lifted its position 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 acquiring an additional 747 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in 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 worth $82,000 after purchasing an additional 1,249 shares during the period. Farther Finance Advisors LLC grew its position in 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 worth $130,000 after purchasing an additional 291 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Embraer-Empresa Brasileira de Aeronautica by 1,608.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,170 shares of the aerospace company’s stock valued at $123,000 after purchasing an additional 2,043 shares during the period. 34.65% of the stock is owned by institutional investors and hedge funds.

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.