Embraer (NYSE:ERJ) Price Target Raised to $50.00

Embraer (NYSE:ERJ) had its target price boosted by The Goldman Sachs Group from $44.00 to $50.00 in a research report report published on Monday morning,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Other research analysts have also recently issued research reports about the company. Bank of America lifted their target price on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. StockNews.com raised Embraer from a “hold” rating to a “buy” rating in a research note on Sunday. TD Cowen raised Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and lifted their price target for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Embraer Stock Performance

Embraer stock opened at $52.88 on Monday. Embraer has a 12-month low of $20.74 and a 12-month high of $52.92. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The business’s 50-day moving average price is $41.12 and its two-hundred day moving average price is $37.47. The stock has a market cap of $9.71 billion, a PE ratio of 19.44 and a beta of 1.70.

Embraer (NYSE:ERJ) last released its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.47. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.21 billion. As a group, analysts expect that Embraer will post 2.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Embraer

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Employees Retirement System of Texas lifted its stake in shares of Embraer by 9.5% in the fourth quarter. Employees Retirement System of Texas now owns 37,900 shares of the aerospace company’s stock worth $1,390,000 after acquiring an additional 3,300 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Embraer in the fourth quarter worth approximately $5,042,000. Ulysses Management LLC acquired a new position in shares of Embraer in the fourth quarter worth approximately $2,017,000. Two Sigma Investments LP lifted its stake in shares of Embraer by 27.4% in the fourth quarter. Two Sigma Investments LP now owns 506,051 shares of the aerospace company’s stock worth $18,562,000 after acquiring an additional 108,740 shares during the period. Finally, Shay Capital LLC lifted its stake in shares of Embraer by 53.4% in the fourth quarter. Shay Capital LLC now owns 13,040 shares of the aerospace company’s stock worth $478,000 after acquiring an additional 4,540 shares during the period. 34.65% of the stock is owned by institutional investors and hedge funds.

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.