Embraer S.A. (NYSE:ERJ) Receives Average Rating of “Buy” from Analysts

Shares of Embraer S.A. (NYSE:ERJGet Rating) have been assigned a consensus recommendation of “Buy” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $21.67.

A number of research analysts recently commented on ERJ shares. Citigroup lowered their price objective on shares of Embraer from $14.50 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 26th. StockNews.com started coverage on shares of Embraer in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, TheStreet downgraded shares of Embraer from a “c” rating to a “d+” rating in a research report on Wednesday, June 8th.

Embraer stock opened at $8.87 on Tuesday. The firm’s 50 day simple moving average is $10.70 and its 200-day simple moving average is $13.10. The company has a market cap of $1.63 billion, a P/E ratio of 126.73 and a beta of 1.17. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.01 and a quick ratio of 1.20. Embraer has a fifty-two week low of $8.36 and a fifty-two week high of $19.40.

Embraer (NYSE:ERJGet Rating) last released its earnings results on Thursday, April 28th. The aerospace company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.17). The firm had revenue of $600.90 million during the quarter. Embraer had a negative return on equity of 0.41% and a net margin of 0.33%. On average, analysts expect that Embraer will post -0.04 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of ERJ. Marshall Wace LLP acquired a new stake in shares of Embraer in the fourth quarter worth $45,746,000. Bank of America Corp DE raised its stake in Embraer by 152.4% during the 1st quarter. Bank of America Corp DE now owns 2,957,356 shares of the aerospace company’s stock valued at $37,292,000 after purchasing an additional 1,785,803 shares during the last quarter. Renaissance Technologies LLC raised its stake in Embraer by 148.1% during the 1st quarter. Renaissance Technologies LLC now owns 2,869,400 shares of the aerospace company’s stock valued at $36,183,000 after purchasing an additional 1,712,800 shares during the last quarter. Polunin Capital Partners Ltd acquired a new position in Embraer during the 4th quarter valued at $28,943,000. Finally, U S Global Investors Inc. raised its stake in Embraer by 103.5% during the 4th quarter. U S Global Investors Inc. now owns 2,219,434 shares of the aerospace company’s stock valued at $39,395,000 after purchasing an additional 1,128,726 shares during the last quarter.

About Embraer (Get Rating)

Embraer SA designs, develops, manufactures, and sells aircrafts and systems in Brazil, North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. It operates through Commercial Aviation; Defense and Security; Executive Jets; Service & Support; and Other segments. The Commercial Aviation segment designs, develops, and manufactures a variety of commercial aircrafts.

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Analyst Recommendations for Embraer (NYSE:ERJ)

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