Erickson Given Average Rating of “Buy” by Brokerages (NYSE:EAC)
Erickson (NYSE:EAC) has been given an average recommendation of “Buy” by the six ratings firms that are covering the company, Analyst Ratings.Net reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $23.03.
Shares of Erickson (NYSE:EAC) opened at 14.62 on Wednesday. Erickson has a 52-week low of $14.10 and a 52-week high of $21.94. The stock’s 50-day moving average is $15.56 and its 200-day moving average is $17.54. The company has a market cap of $201.9 million and a P/E ratio of 55.63.
Erickson (NYSE:EAC) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.52) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 101.1% on a year-over-year basis. Analysts expect that Erickson will post $1.08 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Erickson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 9th. They now have a $16.20 price target on the stock. Separately, analysts at BWS Financial initiated coverage on shares of Erickson in a research note on Friday, June 20th. They set a “buy” rating and a $33.00 price target on the stock.
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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