Erickson PT Lowered to $18.00 (EAC)
Investment analysts at Canaccord Genuity reduced their price objective on shares of Erickson (NYSE:EAC) from $20.00 to $18.00 in a note issued to investors on Friday. Canaccord Genuity’s target price points to a potential upside of 22.20% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. 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 equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.00.
Erickson (NYSE:EAC) opened at 14.73 on Friday. 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 $15.46 and its 200-day moving average is $17.38. The company has a market cap of $203.4 million and a price-to-earnings ratio of 55.63.
Erickson (NYSE:EAC) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.27) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.13 by $0.40. The company had revenue of $80.90 million for the quarter, compared to the consensus estimate of $86.77 million. During the same quarter last year, the company posted ($0.20) earnings per share. Erickson’s revenue was up 17.9% compared to the same quarter last year. On average, analysts predict that Erickson will post $1.08 earnings per share for the current fiscal year.
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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