Embraer (NYSE:ERJ) Shares Gap Up to $15.17

Embraer S.A. (NYSE:ERJ)’s share price gapped up prior to trading on Friday . The stock had previously closed at $15.17, but opened at $15.60. Embraer shares last traded at $15.53, with a volume of 355,631 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ERJ shares. StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a report on Friday. Citigroup raised shares of Embraer from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Monday, October 16th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $20.10.

Embraer Stock Up 2.9 %

The company has a market capitalization of $2.87 billion, a PE ratio of -390.25, a price-to-earnings-growth ratio of 1.30 and a beta of 1.43. The firm’s 50-day simple moving average is $14.26 and its 200 day simple moving average is $14.76. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.81 and a current ratio of 1.65.

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

Institutional Investors Weigh In On Embraer

Institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP purchased a new stake in shares of Embraer in the 3rd quarter worth about $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of Embraer in the 2nd quarter worth about $27,000. Fifth Third Bancorp purchased a new stake in shares of Embraer in the 1st quarter worth about $56,000. Advisors Asset Management Inc. purchased a new stake in shares of Embraer in the 1st quarter worth about $60,000. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Embraer by 461.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 6,073 shares of the aerospace company’s stock worth $66,000 after buying an additional 4,991 shares in the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

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.