Embraer S.A. (NYSE:ERJ – Get 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
Embraer (NYSE:ERJ – Get 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
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.
- Get a free copy of the StockNews.com research report on Embraer (ERJ)
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