JPMorgan Chase & Co. Increases Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Price Target to $80.00

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) had its price target lifted by research analysts at JPMorgan Chase & Co. from $79.00 to $80.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 22.75% from the stock’s previous close.

Several other brokerages have also recently weighed in on ERJ. Weiss Ratings reissued a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, October 8th. Citigroup lifted their price objective on 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 raised their target price 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. UBS Group boosted their price target on Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the company a “sell” rating in a research note on Friday, August 15th. Finally, Zacks Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.86.

Embraer-Empresa Brasileira de Aeronautica Price Performance

NYSE:ERJ traded down $0.05 on Friday, hitting $65.18. The company had a trading volume of 646,716 shares, compared to its average volume of 1,643,810. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.58. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $33.06 and a 52 week high of $67.44. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 6.09 and a beta of 1.82. The firm has a 50 day moving average of $60.26 and a two-hundred day moving average of $54.62.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its earnings results on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share (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%. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Embraer-Empresa Brasileira de Aeronautica declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 6th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several institutional investors and hedge funds have recently added to or reduced their stakes in ERJ. Jennison Associates LLC increased its stake in shares of 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 last quarter. Diversify Wealth Management LLC raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 13.0% in the 1st quarter. Diversify Wealth Management LLC now owns 43,950 shares of the aerospace company’s stock valued at $2,004,000 after acquiring an additional 5,061 shares in the last quarter. Alberta Investment Management Corp lifted its position in Embraer-Empresa Brasileira de Aeronautica by 37.3% during the first quarter. Alberta Investment Management Corp now owns 160,163 shares of the aerospace company’s stock valued at $7,400,000 after purchasing an additional 43,520 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth $1,798,000. Finally, Atika Capital Management LLC boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 9.2% in the 1st quarter. Atika Capital Management LLC now owns 149,100 shares of the aerospace company’s stock worth $6,888,000 after purchasing an additional 12,500 shares in the last quarter. Hedge funds and other institutional investors 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.