Short Interest in Embraer S.A. (NYSE:ERJ) Expands By 17.4%

Embraer S.A. (NYSE:ERJGet Rating) saw a significant growth in short interest in December. As of December 30th, there was short interest totalling 5,250,000 shares, a growth of 17.4% from the December 15th total of 4,470,000 shares. Based on an average daily trading volume, of 1,390,000 shares, the short-interest ratio is currently 3.8 days.

Analysts Set New Price Targets

ERJ has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on Embraer from $26.00 to $26.50 and gave the stock an “overweight” rating in a research note on Tuesday, December 6th. TheStreet cut Embraer from a “c” rating to a “d+” rating in a research note on Tuesday, December 6th. The Goldman Sachs Group reduced their price objective on shares of Embraer from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, October 12th. StockNews.com initiated coverage on shares of Embraer in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, UBS Group began coverage on shares of Embraer in a research report on Monday, January 9th. They issued a “buy” rating and a $14.00 price target for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Embraer has an average rating of “Moderate Buy” and an average target price of $16.45.

Institutional Trading of Embraer

Several hedge funds and other institutional investors have recently modified their holdings of ERJ. Comgest Global Investors S.A.S. increased its position in Embraer by 111.5% in the 2nd quarter. Comgest Global Investors S.A.S. now owns 76,662 shares of the aerospace company’s stock worth $673,000 after purchasing an additional 40,411 shares during the last quarter. Bank of America Corp DE increased its holdings in Embraer by 152.4% in the first quarter. Bank of America Corp DE now owns 2,957,356 shares of the aerospace company’s stock worth $37,292,000 after buying an additional 1,785,803 shares during the last quarter. KCS Wealth Advisory raised its position in Embraer by 4.1% during the second quarter. KCS Wealth Advisory now owns 55,009 shares of the aerospace company’s stock valued at $483,000 after acquiring an additional 2,183 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in Embraer by 155.0% in the third quarter. Pinnacle Associates Ltd. now owns 46,315 shares of the aerospace company’s stock valued at $398,000 after acquiring an additional 28,150 shares during the last quarter. Finally, Brandes Investment Partners LP grew its position in Embraer by 2.7% in the third quarter. Brandes Investment Partners LP now owns 19,035,384 shares of the aerospace company’s stock worth $163,705,000 after acquiring an additional 493,818 shares in the last quarter. 37.89% of the stock is currently owned by hedge funds and other institutional investors.

Embraer Price Performance

Shares of ERJ opened at $12.51 on Friday. The business’s 50-day moving average is $10.91 and its 200-day moving average is $10.24. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.77 and a quick ratio of 0.92. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 156.38, a P/E/G ratio of 0.86 and a beta of 1.17. Embraer has a fifty-two week low of $7.91 and a fifty-two week high of $16.07.

Embraer (NYSE:ERJGet Rating) last released 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). The company had revenue of $929.00 million during the quarter, compared to analyst estimates of $1.20 billion. Embraer had a net margin of 0.37% and a return on equity of 1.53%. Equities research analysts expect that Embraer will post 0.3 EPS for the current fiscal year.

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.

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