Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) shares gapped up before the market opened on Wednesday . The stock had previously closed at $22.04, but opened at $22.74. Embraer-Empresa Brasileira de Aeronautica shares last traded at $23.47, with a volume of 2,590,199 shares traded.

Several research analysts have recently weighed in on the company. Cowen and Company reaffirmed a “hold” rating and set a $24.00 price objective on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Wednesday. ValuEngine cut Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub raised Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. TheStreet raised Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a research report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) cut Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $26.00 to $18.00 in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Embraer-Empresa Brasileira de Aeronautica has a consensus rating of “Buy” and an average target price of $21.60.

The company’s 50-day moving average is $20.92 and its 200 day moving average is $20.71. The company has a market capitalization of $17.24 billion, a PE ratio of 63.78 and a beta of 0.34.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its quarterly earnings data on Friday, July 28th. The aerospace company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.62 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 11.02% and a net margin of 4.15%. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. Equities analysts predict that Embraer-Empresa Brasileira de Aeronautica will post $1.61 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of ERJ. Henderson Group PLC boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 17.0% in the 1st quarter. Henderson Group PLC now owns 343,430 shares of the aerospace company’s stock worth $7,588,000 after buying an additional 50,000 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 671.2% in the first quarter. JPMorgan Chase & Co. now owns 469,856 shares of the aerospace company’s stock valued at $10,374,000 after purchasing an additional 408,928 shares during the last quarter. Nordea Investment Management AB lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 3.1% in the first quarter. Nordea Investment Management AB now owns 69,485 shares of the aerospace company’s stock valued at $1,534,000 after purchasing an additional 2,114 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at approximately $9,848,000. Finally, Great West Life Assurance Co. Can purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at approximately $460,000. 50.77% of the stock is owned by hedge funds and other institutional investors.

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Embraer-Empresa Brasileira de Aeronautica Company Profile