Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)’s share price 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.

A number of equities analysts recently weighed in on the stock. Cowen and Company reissued a “hold” rating and set a $24.00 target price on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday. BidaskClub raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. TheStreet raised shares of Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and lowered their target price for the stock from $26.00 to $18.00 in a research note on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Embraer-Empresa Brasileira de Aeronautica presently has a consensus rating of “Buy” and an average target price of $21.60.

The company has a market capitalization of $17.29 billion, a PE ratio of 63.97 and a beta of 0.34. The firm’s 50 day moving average is $21.15 and its 200-day moving average is $20.75.

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 the Thomson Reuters’ consensus estimate of $0.49 by $0.18. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.15% and a return on equity of 11.02%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the business earned $0.24 EPS. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. On average, analysts predict that Embraer-Empresa Brasileira de Aeronautica will post $1.61 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of ERJ. Quantbot Technologies LP bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth $101,000. JFS Wealth Advisors LLC raised its holdings in Embraer-Empresa Brasileira de Aeronautica by 7.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 6,659 shares of the aerospace company’s stock worth $121,000 after purchasing an additional 470 shares in the last quarter. Global X Management Co. LLC raised its holdings in Embraer-Empresa Brasileira de Aeronautica by 2.3% in the 2nd quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock worth $137,000 after purchasing an additional 169 shares in the last quarter. Seminole Management Co. Inc. bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter worth $182,000. Finally, PNC Financial Services Group Inc. raised its holdings in Embraer-Empresa Brasileira de Aeronautica by 1.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,067 shares of the aerospace company’s stock worth $199,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 50.77% of the company’s stock.

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Embraer-Empresa Brasileira de Aeronautica Company Profile

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