Erickson Now Covered by BWS Financial (EAC)
Investment analysts at BWS Financial began coverage on shares of Erickson (NYSE:EAC) in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $33.00 price target on the stock. BWS Financial’s price objective would indicate a potential upside of 112.08% from the stock’s previous close.
Erickson (NYSE:EAC) opened at 15.56 on Friday. Erickson has a 52 week low of $14.10 and a 52 week high of $21.94. The stock has a 50-day moving average of $15.56 and a 200-day moving average of $18.53. The company has a market cap of $214.9 million and a price-to-earnings ratio of 60.57.
Erickson (NYSE:EAC) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.49. The company had revenue of $74.20 million for the quarter, compared to the consensus estimate of $79.44 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 101.1% on a year-over-year basis. On average, analysts predict that Erickson will post $1.08 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on EAC. Analysts at Zacks downgraded shares of Erickson from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 14th. They now have a $14.30 price target on the stock. Separately, analysts at Imperial Capital cut their price target on shares of Erickson from $20.00 to $17.00 in a research note on Tuesday, May 13th. They now have an “in-line” rating on the stock. Finally, analysts at Singular Research cut their price target on shares of Erickson from $26.00 to $24.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Erickson has an average rating of “Hold” and an average price target of $22.72.
Erickson Inc (NYSE:EAC), formerly Erickson Air-Crane Incorporated, is engaged in the operation and manufacture of the Erickson S-64 Aircrane (Aircrane), a heavy-lift helicopter.
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