Cowen reiterated their hold rating on shares of Embraer (NYSE:ERJ) in a report released on Tuesday, AnalystRatings.com reports. They currently have a $22.00 price objective on the aerospace company’s stock.

Several other research analysts have also recently weighed in on the company. William Blair restated a market perform rating on shares of Embraer in a research note on Wednesday, August 14th. UBS Group upgraded Embraer from a neutral rating to a buy rating and set a $23.00 price target for the company in a research note on Thursday, September 12th. Finally, Zacks Investment Research cut Embraer from a strong-buy rating to a hold rating and set a $19.00 price target for the company. in a research note on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Embraer presently has an average rating of Hold and an average price target of $22.70.

Shares of ERJ stock traded up $0.23 during mid-day trading on Tuesday, hitting $16.79. The company’s stock had a trading volume of 503,217 shares, compared to its average volume of 754,405. Embraer has a 52-week low of $15.86 and a 52-week high of $23.68. The business has a 50-day moving average price of $17.25 and a 200 day moving average price of $18.71. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.24 and a current ratio of 2.10. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of -55.97 and a beta of -0.10.

Embraer (NYSE:ERJ) last posted its quarterly earnings results on Tuesday, November 12th. The aerospace company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.08). Embraer had a negative return on equity of 3.36% and a negative net margin of 2.59%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm earned $0.03 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities research analysts predict that Embraer will post -0.7 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Stevens Capital Management LP increased its position in Embraer by 17.4% during the second quarter. Stevens Capital Management LP now owns 23,950 shares of the aerospace company’s stock valued at $482,000 after acquiring an additional 3,542 shares during the last quarter. Aperio Group LLC increased its position in Embraer by 82.0% during the second quarter. Aperio Group LLC now owns 82,590 shares of the aerospace company’s stock valued at $1,663,000 after acquiring an additional 37,217 shares during the last quarter. Congress Park Capital LLC increased its position in Embraer by 76.6% during the second quarter. Congress Park Capital LLC now owns 133,075 shares of the aerospace company’s stock valued at $2,743,000 after acquiring an additional 57,700 shares during the last quarter. Atria Investments LLC purchased a new stake in Embraer during the second quarter valued at $3,344,000. Finally, Brandes Investment Partners LP increased its position in Embraer by 0.5% during the second quarter. Brandes Investment Partners LP now owns 20,024,471 shares of the aerospace company’s stock valued at $407,221,000 after acquiring an additional 92,637 shares during the last quarter. Institutional investors own 44.18% of the company’s stock.

Embraer Company Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Defense and Security, Executive Jets, Service & Support, and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.

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Analyst Recommendations for Embraer (NYSE:ERJ)

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