Embraer S.A. (NYSE:ERJ) Receives Average Recommendation of “Moderate Buy” from Analysts

Embraer S.A. (NYSE:ERJ) has received an average rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $32.50.

Several research analysts have recently issued reports on ERJ shares. Bank of America restated a “buy” rating and issued a $40.00 price target on shares of Embraer in a research report on Tuesday, September 17th. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and raised their price objective for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Finally, UBS Group boosted their price target on Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd.

Institutional Trading of Embraer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its position in Embraer by 17.3% during the third quarter. Ritholtz Wealth Management now owns 41,651 shares of the aerospace company’s stock worth $1,473,000 after purchasing an additional 6,158 shares during the period. LVW Advisors LLC grew its position in shares of Embraer by 3.4% in the 3rd quarter. LVW Advisors LLC now owns 10,320 shares of the aerospace company’s stock worth $365,000 after buying an additional 340 shares during the period. Brendel Financial Advisors LLC purchased a new position in Embraer during the third quarter valued at $202,000. Marcum Wealth LLC boosted its position in shares of Embraer by 5.4% during the third quarter. Marcum Wealth LLC now owns 10,537 shares of the aerospace company’s stock valued at $373,000 after buying an additional 537 shares during the last quarter. Finally, Artemis Investment Management LLP bought a new stake in shares of Embraer in the third quarter worth $30,358,000. 34.65% of the stock is owned by institutional investors.

Embraer Trading Up 1.2 %

Shares of NYSE:ERJ opened at $33.59 on Friday. The firm has a fifty day moving average of $33.43 and a two-hundred day moving average of $29.55. The company has a quick ratio of 0.66, a current ratio of 1.50 and a debt-to-equity ratio of 0.81. Embraer has a 12-month low of $13.31 and a 12-month high of $37.30. The firm has a market capitalization of $6.17 billion, a P/E ratio of 23.32 and a beta of 1.69.

Embraer (NYSE:ERJ) last issued its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.24 by $0.20. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, equities analysts expect that Embraer will post 1.49 EPS for the current fiscal 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.