Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Price Target Raised to $67.00

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) had its target price increased by The Goldman Sachs Group from $60.00 to $67.00 in a report released on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the aerospace company’s stock.

Several other research analysts have also recently weighed in on ERJ. Hsbc Global Res upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 4th. UBS Group reiterated a “sell” rating and set a $39.00 price target (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th. HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating and lifted their price target for the company from $45.00 to $57.00 in a research report on Wednesday, June 4th. Finally, Wolfe Research upgraded 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 research report on Thursday, July 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica presently has a consensus rating of “Moderate Buy” and an average price target of $53.83.

Embraer-Empresa Brasileira de Aeronautica Trading Up 0.7%

Shares of NYSE:ERJ opened at $58.33 on Thursday. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $29.91 and a 52-week high of $61.65. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 28.45 and a beta of 1.76. The company has a quick ratio of 0.59, a current ratio of 1.33 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $52.89 and a 200-day moving average price of $48.28.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.49). The firm had revenue of $1.82 billion during 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 quarter in the previous year, the business earned $0.44 earnings per share. Equities analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

Institutional investors have recently bought and sold shares of the business. WPG Advisers LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at approximately $25,000. Colonial Trust Co SC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $42,000. Jones Financial Companies Lllp grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 98.2% in the first 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 during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 241.6% in the first 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 during the period. Finally, Farther Finance Advisors LLC grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 673.0% in the first quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 2,147 shares during the period. 34.65% of the stock is owned by institutional investors and hedge funds.

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.