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

Embraer S.A. (NYSE:ERJ) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $43.00.

A number of research analysts recently weighed in on ERJ shares. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Bank of America lifted their price target on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a report on Monday. Finally, The Goldman Sachs Group boosted their price objective on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, March 3rd.

Institutional Investors Weigh In On Embraer

A number of institutional investors have recently added to or reduced their stakes in ERJ. Principal Financial Group Inc. lifted its position in Embraer by 5.3% during the fourth quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company’s stock valued at $6,514,000 after buying an additional 8,938 shares in the last quarter. Ninety One North America Inc. boosted its position in Embraer by 14.5% during the 4th quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company’s stock worth $3,098,000 after purchasing an additional 10,665 shares during the period. Stifel Financial Corp increased its holdings in Embraer by 33.0% in the 3rd quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company’s stock valued at $2,661,000 after purchasing an additional 18,656 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Embraer in the third quarter valued at about $10,611,000. Finally, Thrivent Financial for Lutherans purchased a new position in Embraer in the third quarter valued at about $981,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Trading Down 1.6 %

Shares of ERJ stock opened at $51.04 on Monday. Embraer has a twelve month low of $20.74 and a twelve month high of $53.19. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average is $41.72 and its two-hundred day moving average is $37.77. The company has a market capitalization of $9.37 billion, a P/E ratio of 18.76 and a beta of 1.70.

Embraer (NYSE:ERJ) last posted its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Equities analysts forecast that Embraer will post 2.04 EPS 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.