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

Embraer S.A. (NYSE:ERJ) has been assigned an average recommendation of “Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $20.10.

ERJ has been the topic of several research reports. StockNews.com initiated coverage on Embraer in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Citigroup raised Embraer from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Monday, October 16th.

Hedge Funds Weigh In On Embraer

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP acquired a new position in Embraer in the third quarter worth about $26,000. Eagle Bay Advisors LLC acquired a new position in Embraer in the second quarter worth about $27,000. Fifth Third Bancorp acquired a new position in Embraer in the first quarter worth about $56,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Embraer in the second quarter worth about $68,000. Finally, Advisors Asset Management Inc. acquired a new position in Embraer in the first quarter valued at approximately $60,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer Trading Down 1.9 %

Shares of ERJ opened at $15.17 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.81 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $2.79 billion, a P/E ratio of -379.25, a price-to-earnings-growth ratio of 1.29 and a beta of 1.43. The stock’s fifty day simple moving average is $14.27 and its 200 day simple moving average is $14.77. Embraer has a twelve month low of $9.49 and a twelve month high of $17.14.

Embraer (NYSE:ERJ) last issued its earnings results on Monday, August 14th. The aerospace company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.20. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.16 billion. Embraer had a positive return on equity of 1.62% and a negative net margin of 0.11%. On average, equities research analysts forecast that Embraer will post 0.69 earnings per share for the current year.

About Embraer

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.