Brokerages Set Embraer SA (ERJ) PT at $22.20
Embraer SA (NYSE:ERJ) has been given an average recommendation of “Hold” by the twelve analysts that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $23.40.
A number of brokerages recently commented on ERJ. TheStreet raised shares of Embraer from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. ValuEngine downgraded shares of Embraer from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 3rd. Cowen reissued a “hold” rating and issued a $28.00 price objective on shares of Embraer in a research note on Monday. Credit Suisse Group downgraded shares of Embraer to a “hold” rating and set a $25.00 price objective for the company. in a research note on Friday, December 22nd. Finally, Zacks Investment Research downgraded shares of Embraer from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th.
Embraer (NYSE:ERJ) traded up $0.18 during trading on Friday, hitting $24.68. 1,711,600 shares of the stock traded hands, compared to its average volume of 2,181,569. The company has a quick ratio of 1.73, a current ratio of 2.67 and a debt-to-equity ratio of 1.05. Embraer has a 1 year low of $17.58 and a 1 year high of $27.45. The company has a market capitalization of $4,510.00, a P/E ratio of 10.92, a PEG ratio of 1.55 and a beta of 0.32.
The firm also recently disclosed a special dividend, which will be paid on Friday, February 2nd. Investors of record on Thursday, December 28th will be paid a $0.1079 dividend. This is an increase from Embraer’s previous special dividend of $0.05. The ex-dividend date of this dividend is Wednesday, December 27th. Embraer’s payout ratio is 15.04%.
A number of large investors have recently modified their holdings of ERJ. Legal & General Group Plc raised its stake in Embraer by 32.6% in the second quarter. Legal & General Group Plc now owns 13,433 shares of the aerospace company’s stock worth $245,000 after buying an additional 3,300 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Embraer by 2.9% during the second quarter. JPMorgan Chase & Co. now owns 483,654 shares of the aerospace company’s stock worth $8,816,000 after purchasing an additional 13,798 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Embraer by 31.0% during the second quarter. Ameriprise Financial Inc. now owns 584,282 shares of the aerospace company’s stock worth $10,650,000 after purchasing an additional 138,255 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Embraer by 74.3% during the second quarter. Nationwide Fund Advisors now owns 55,520 shares of the aerospace company’s stock worth $1,012,000 after purchasing an additional 23,660 shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of Embraer by 1,754.9% during the second quarter. Citigroup Inc. now owns 342,041 shares of the aerospace company’s stock worth $6,236,000 after purchasing an additional 323,601 shares in the last quarter. 50.10% of the stock is owned by institutional investors.
Embraer SA (Embraer) is a manufacturer of jets of 70 to 130 seats. The Company produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. Its segments include Commercial aviation business, which involves the development, production and sale of commercial jets, and rendering of support services, particularly in the regional aviation segment and aircraft leases; Executive Jet business, which markets its executive jets to companies, including fractional ownership companies, charter and air-taxi companies, high-net-worth individuals and to flight academies; Defense and Security Business segment, which conceives, designs, develops, manufactures and supports a range of integrated solutions for the defense and security market, and Other Related Businesses segment, which provides fuel systems, structural parts, and mechanical and hydraulic systems to Sikorsky Aircraft Corporation for its production of helicopters.
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