Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) have received a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $50.40.

A number of equities research analysts have commented on ERJ shares. Wolfe Research reiterated a “peer perform” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, March 24th. Wall Street Zen cut Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Hsbc Global Res upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 4th. HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating and increased their price target for the company from $45.00 to $57.00 in a research note on Wednesday, June 4th. Finally, The Goldman Sachs Group increased their price target on Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, May 12th.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GQG Partners LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth about $276,246,000. Jennison Associates LLC grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 215.7% during the first quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company’s stock worth $190,629,000 after acquiring an additional 2,819,306 shares during the period. JPMorgan Chase & Co. grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 654.5% in the first quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company’s stock valued at $161,737,000 after purchasing an additional 3,036,797 shares during the period. Invesco Ltd. grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 116.8% in the first quarter. Invesco Ltd. now owns 2,678,821 shares of the aerospace company’s stock valued at $123,762,000 after purchasing an additional 1,443,186 shares during the period. Finally, Carrhae Capital LLP grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 48.1% in the fourth quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock valued at $97,963,000 after purchasing an additional 866,919 shares during the period. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Trading Up 3.3%

Shares of NYSE ERJ opened at $61.34 on Friday. 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 stock has a market capitalization of $11.26 billion, a P/E ratio of 28.40 and a beta of 1.72. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $26.04 and a 1-year high of $61.05. The business has a fifty day moving average price of $49.86 and a 200 day moving average price of $45.51.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.19. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 16.43% and a net margin of 6.02%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.48) EPS. Equities research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

The business also recently announced a — dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were issued a dividend of $0.049 per share. The ex-dividend date of this dividend was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio (DPR) is 2.31%.

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.