Embraer S.A. (NYSE:ERJ) Given Average Rating of “Moderate Buy” by Analysts

Shares of Embraer S.A. (NYSE:ERJ – Get Rating) have been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $19.25.

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price target on Embraer from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, April 11th. StockNews.com downgraded Embraer from a “buy” rating to a “sell” rating in a research report on Monday. TheStreet raised Embraer from a “d+” rating to a “c-” rating in a research report on Wednesday, February 8th. Bank of America lowered their price target on Embraer from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, March 29th. Finally, Citigroup raised their price target on Embraer from $11.75 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, March 23rd.

Embraer Price Performance

NYSE ERJ opened at $13.72 on Friday. Embraer has a fifty-two week low of $7.91 and a fifty-two week high of $16.75. The stock’s 50-day moving average is $15.21 and its two-hundred day moving average is $12.69. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.75 and a quick ratio of 0.94. The firm has a market cap of $2.52 billion, a P/E ratio of -457.33, a price-to-earnings-growth ratio of 0.74 and a beta of 1.28.

Embraer (NYSE:ERJ – Get Rating) last posted its earnings results on Friday, March 10th. The aerospace company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.06). Embraer had a negative net margin of 0.08% and a positive return on equity of 0.65%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.02 billion. On average, analysts anticipate that Embraer will post 1.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Embraer

A number of institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its stake in shares of Embraer by 2.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 35,392 shares of the aerospace company’s stock valued at $579,000 after acquiring an additional 842 shares during the last quarter. Bank of Hawaii grew its holdings in Embraer by 1.7% during the 1st quarter. Bank of Hawaii now owns 58,696 shares of the aerospace company’s stock worth $961,000 after acquiring an additional 963 shares during the period. Raymond James & Associates grew its holdings in shares of Embraer by 5.8% in the 4th quarter. Raymond James & Associates now owns 19,556 shares of the aerospace company’s stock valued at $214,000 after buying an additional 1,072 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Embraer by 10.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,406 shares of the aerospace company’s stock valued at $126,000 after buying an additional 1,413 shares during the period. Finally, HighTower Advisors LLC grew its holdings in shares of Embraer by 10.5% in the 1st quarter. HighTower Advisors LLC now owns 15,106 shares of the aerospace company’s stock valued at $188,000 after buying an additional 1,433 shares during the period. 37.89% of the stock is owned by institutional investors and hedge funds.

About Embraer

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Embraer SA engages in the design, manufacture, and sale of aircraft and its parts for commercial, defense, and executive aviation sectors. It operates through the following segments: Commercial Aviation, Defense and Security, Executive Jet Business, Service & Support and Others. The Commercial Aviation segment is involved in the development, production, and sale of commercial jets; and the provision of support services to regional aviation and aircraft leasing.