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

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $63.8571.

A number of analysts have recently issued reports on the company. Wall Street Zen cut Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Wednesday, October 8th. Bank of America boosted their price objective on Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. Zacks Research raised Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Citigroup raised their target price on Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, October 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ERJ. Brighton Jones LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $502,000. US Bancorp DE raised its stake in Embraer-Empresa Brasileira de Aeronautica by 19.4% during 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 in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Embraer-Empresa Brasileira de Aeronautica by 47.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,802 shares of the aerospace company’s stock worth $176,000 after buying an additional 1,216 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 7.2% in the 1st quarter. Thoroughbred Financial Services LLC now owns 17,769 shares of the aerospace company’s stock worth $820,000 after acquiring an additional 1,195 shares in the last quarter. Finally, Headlands Technologies LLC increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 127.9% in the 1st quarter. Headlands Technologies LLC now owns 14,007 shares of the aerospace company’s stock valued at $647,000 after acquiring an additional 7,861 shares during the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Stock Down 0.1%

Shares of ERJ opened at $65.18 on Wednesday. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $33.06 and a fifty-two week high of $67.44. The company’s fifty day moving average is $62.74 and its two-hundred day moving average is $57.10. 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. 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 (NYSE:ERJ) last released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%. Analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Embraer-Empresa Brasileira de Aeronautica announced that its board has initiated a share repurchase plan on Thursday, November 6th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership 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.