JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Stock

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) had its price target hoisted 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 brokerage currently has an “overweight” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 22.75% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. UBS Group raised their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the stock a “sell” rating in a research note on Friday, August 15th. Citigroup lifted their target price on Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Bank of America increased their price target on Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, October 8th. Finally, Zacks Research raised 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 equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica currently has an average rating of “Moderate Buy” and a consensus price target of $63.86.

Embraer-Empresa Brasileira de Aeronautica Trading Down 0.1%

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

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its quarterly earnings data 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. Equities research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

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

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several hedge funds have recently bought and sold shares of ERJ. Brighton Jones LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $502,000. U.S. Capital Wealth Advisors LLC lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 5.3% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 12,312 shares of the aerospace company’s stock worth $569,000 after purchasing an additional 624 shares during the last quarter. Leavell Investment Management Inc. boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 10.5% in the 1st quarter. Leavell Investment Management Inc. now owns 10,170 shares of the aerospace company’s stock valued at $470,000 after purchasing an additional 970 shares in the last quarter. Diversify Wealth Management LLC increased its stake 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 purchasing an additional 5,061 shares during the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth $249,000. 34.65% of the stock is owned by institutional investors.

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.