Share on StockTwits

Research analysts at Singular Research dropped their target price on shares of Erickson (NYSE:EAC) from $24.00 to $18.00 in a report released on Monday. The firm currently has a “buy” rating on the stock. Singular Research’s target price would suggest a potential upside of 42.52% from the company’s current price.

EAC has been the subject of a number of other recent research reports. Analysts at Craig Hallum downgraded shares of Erickson from a “buy” rating to a “hold” rating in a research note on Friday. They now have a $15.00 price target on the stock, down previously from $28.00. Separately, analysts at Canaccord Genuity cut their price target on shares of Erickson from $20.00 to $18.00 in a research note on Friday. Finally, 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. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $20.20.

Shares of Erickson (NYSE:EAC) traded up 9.03% on Monday, hitting $13.77. 42,414 shares of the company’s stock traded hands. Erickson has a 52-week low of $11.32 and a 52-week high of $21.94. The stock has a 50-day moving average of $15.37 and a 200-day moving average of $17.35. The company has a market cap of $190.2 million and a P/E ratio of 48.02.

Erickson (NYSE:EAC) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted ($0.20) earnings per share. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. Analysts expect that Erickson will post $1.08 EPS 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.