Embraer (NYSE:ERJ) Shares Gap Up to $12.34

Embraer S.A. (NYSE:ERJ – Get Rating) gapped up prior to trading on Tuesday . The stock had previously closed at $12.34, but opened at $12.80. Embraer shares last traded at $12.91, with a volume of 27,364 shares traded.

Analyst Ratings Changes

A number of equities analysts have issued reports on ERJ shares. Wolfe Research started coverage on shares of Embraer in a report on Monday, October 10th. They issued an “outperform” rating and a $14.00 target price on the stock. The Goldman Sachs Group cut their target price on shares of Embraer from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, October 12th. Citigroup cut their target price on shares of Embraer from $13.00 to $11.75 and set a “neutral” rating on the stock in a report on Wednesday, November 9th. JPMorgan Chase & Co. lifted their price target on Embraer from $26.00 to $26.50 and gave the company an “overweight” rating in a report on Tuesday, December 6th. Finally, StockNews.com assumed coverage on Embraer in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.54.

Embraer Stock Performance

The company has a current ratio of 1.77, a quick ratio of 0.92 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $2.32 billion, a PE ratio of 157.63, a PEG ratio of 0.86 and a beta of 1.17. The firm’s 50-day simple moving average is $10.81 and its two-hundred day simple moving average is $10.19.

Embraer (NYSE:ERJ – Get Rating) last posted its quarterly earnings data on Monday, November 14th. The aerospace company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). Embraer had a return on equity of 1.53% and a net margin of 0.37%. The firm had revenue of $929.00 million for the quarter, compared to analysts’ expectations of $1.20 billion. On average, equities research analysts expect that Embraer S.A. will post 0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Brandes Investment Partners LP increased its position in Embraer by 2.7% in the 3rd quarter. Brandes Investment Partners LP now owns 19,035,384 shares of the aerospace company’s stock worth $163,705,000 after purchasing an additional 493,818 shares during the last quarter. FMR LLC increased its position in Embraer by 1.8% in the 2nd quarter. FMR LLC now owns 3,689,600 shares of the aerospace company’s stock worth $32,394,000 after purchasing an additional 64,523 shares during the last quarter. IPG Investment Advisors LLC increased its position in Embraer by 4.8% in the 2nd quarter. IPG Investment Advisors LLC now owns 3,064,799 shares of the aerospace company’s stock worth $26,909,000 after purchasing an additional 141,130 shares during the last quarter. Bank of America Corp DE increased its position in Embraer by 152.4% in the 1st quarter. Bank of America Corp DE now owns 2,957,356 shares of the aerospace company’s stock worth $37,292,000 after purchasing an additional 1,785,803 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Embraer by 148.1% in the 1st quarter. Renaissance Technologies LLC now owns 2,869,400 shares of the aerospace company’s stock worth $36,183,000 after purchasing an additional 1,712,800 shares during the last quarter. 37.89% of the stock is owned by institutional investors and hedge funds.

Embraer Company Profile

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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.