Embraer SA (ERJ) Receives $24.33 Average Target Price from Brokerages

Embraer SA (NYSE:ERJ) has been given a consensus recommendation of “Buy” by the eleven brokerages that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $24.00.

Several analysts have recently weighed in on ERJ shares. TheStreet upgraded Embraer SA from a “c” rating to a “b-” rating in a report on Monday, February 13th. Zacks Investment Research upgraded Embraer SA from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, February 7th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $27.00 target price on shares of Embraer SA in a report on Thursday, April 13th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in Embraer SA during the first quarter valued at $101,000. Harel Insurance Investments & Financial Services Ltd. raised its position in Embraer SA by 12.7% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,343 shares of the aerospace company’s stock valued at $103,000 after buying an additional 600 shares during the last quarter. JFS Wealth Advisors LLC raised its position in Embraer SA by 23.8% in the third quarter. JFS Wealth Advisors LLC now owns 6,189 shares of the aerospace company’s stock valued at $107,000 after buying an additional 1,191 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Embraer SA by 8.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,327 shares of the aerospace company’s stock valued at $142,000 after buying an additional 570 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Embraer SA by 286.8% in the third quarter. Tower Research Capital LLC TRC now owns 9,056 shares of the aerospace company’s stock valued at $156,000 after buying an additional 6,715 shares during the last quarter. 50.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Embraer SA (NYSE:ERJ) opened at 18.67 on Monday. The firm has a market capitalization of $13.73 billion, a PE ratio of 130.56 and a beta of 0.56. Embraer SA has a 52 week low of $17.06 and a 52 week high of $24.95. The firm’s 50-day moving average is $20.10 and its 200 day moving average is $21.20.

Embraer SA (NYSE:ERJ) last announced its quarterly earnings data on Tuesday, May 2nd. The aerospace company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. Embraer SA had a net margin of 1.31% and a return on equity of 3.93%. On average, equities analysts forecast that Embraer SA will post $1.81 earnings per share for the current year.

The firm also recently declared an annual dividend, which was paid on Wednesday, May 17th. Investors of record on Thursday, April 27th were given a dividend of $0.132 per share. This represents a yield of 0.65%. This is a positive change from Embraer SA’s previous annual dividend of $0.04. The ex-dividend date of this dividend was Tuesday, April 25th.

ILLEGAL ACTIVITY NOTICE: This report was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://transcriptdaily.com/2017/05/20/embraer-sa-erj-receives-24-33-consensus-price-target-from-brokerages-updated-updated-updated.html.

Embraer SA Company Profile

12 Month Chart for NYSE:ERJ

Receive News & Ratings for Embraer SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embraer SA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply