Embraer S.A. (NYSE:ERJ) Receives Average Rating of “Moderate Buy” from Brokerages

Embraer S.A. (NYSE:ERJ) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $29.75.

A number of research analysts have recently issued reports on ERJ shares. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. lifted their target price on shares of Embraer from $21.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. UBS Group reiterated a “neutral” rating and issued a $28.50 target price (up from $21.00) on shares of Embraer in a research note on Tuesday, March 26th. The Goldman Sachs Group lifted their target price on shares of Embraer from $21.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Finally, HSBC cut shares of Embraer from a “buy” rating to a “hold” rating and lifted their target price for the stock from $18.00 to $19.00 in a research note on Tuesday, February 6th.

Institutional Trading of Embraer

Institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP purchased a new stake in shares of Embraer during the 3rd quarter worth about $26,000. Advisors Preferred LLC acquired a new stake in Embraer in the fourth quarter valued at approximately $28,000. PNC Financial Services Group Inc. purchased a new stake in shares of Embraer in the fourth quarter valued at approximately $30,000. Bruce G. Allen Investments LLC acquired a new position in shares of Embraer during the 4th quarter worth approximately $47,000. Finally, Blue Trust Inc. lifted its position in shares of Embraer by 189.6% during the 4th quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock valued at $47,000 after buying an additional 1,678 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer Stock Performance

ERJ stock opened at $27.07 on Tuesday. Embraer has a 12 month low of $12.48 and a 12 month high of $27.47. The firm’s 50-day moving average is $24.14 and its 200 day moving average is $19.68. The company has a quick ratio of 0.93, a current ratio of 1.65 and a debt-to-equity ratio of 0.91.

Embraer (NYSE:ERJ) last posted its earnings results on Monday, March 18th. The aerospace company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.15. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a net margin of 3.11% and a return on equity of 2.80%. On average, analysts anticipate that Embraer will post 1.36 earnings per share for the current fiscal year.

Embraer Company Profile

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.