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

Embraer S.A. (NYSE:ERJ) has been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $50.40.

A number of equities research analysts have commented on ERJ shares. HSBC upgraded Embraer from a “hold” rating to a “buy” rating and lifted their target price for the company from $45.00 to $57.00 in a research report on Wednesday, June 4th. Wall Street Zen downgraded Embraer from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. The Goldman Sachs Group lifted their target price on Embraer from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, May 12th. UBS Group reiterated a “sell” rating and issued a $39.00 price objective (up previously from $35.00) on shares of Embraer in a report on Thursday, April 24th. Finally, Hsbc Global Res upgraded Embraer from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 4th.

Institutional Investors Weigh In On Embraer

Several institutional investors and hedge funds have recently modified their holdings of the company. WPG Advisers LLC purchased a new stake in Embraer during the 1st quarter worth about $25,000. Jones Financial Companies Lllp purchased a new stake in Embraer during the 4th quarter worth about $28,000. SPX Gestao de Recursos Ltda purchased a new stake in Embraer during the 4th quarter worth about $37,000. Colonial Trust Co SC purchased a new stake in Embraer during the 4th quarter worth about $42,000. Finally, Lindbrook Capital LLC increased its holdings in Embraer by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 389 shares during the period. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Stock Performance

Shares of Embraer stock opened at $47.42 on Wednesday. Embraer has a one year low of $25.24 and a one year high of $56.61. The company has a market cap of $8.71 billion, a price-to-earnings ratio of 17.44 and a beta of 1.68. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The business’s 50 day moving average price is $45.74 and its 200 day moving average price is $43.44.

Embraer (NYSE:ERJ) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.19. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the business earned ($0.48) earnings per share. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. On average, research analysts predict that Embraer will post 2.04 EPS for the current year.

Embraer Announces Dividend

The company also recently disclosed a — dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were issued a $0.049 dividend. The ex-dividend date of this dividend was Friday, May 16th. Embraer’s dividend payout ratio is presently 1.85%.

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.