Embraer SA (ERJ) Receives $24.33 Consensus Price Target from Brokerages
Embraer SA (NYSE:ERJ) has received an average rating of “Buy” from the eleven ratings firms that are currently covering the company. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $24.33.
A number of research firms recently issued reports on ERJ. Cowen and Company reissued a “buy” rating and set a $27.00 target price on shares of Embraer SA in a research report on Thursday, April 13th. TheStreet downgraded shares of Embraer SA from a “b-” rating to a “c+” rating in a research report on Wednesday, April 5th. Finally, Zacks Investment Research downgraded shares of Embraer SA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 3rd.
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Shares of Embraer SA (NYSE:ERJ) traded down 0.55% on Monday, reaching $19.91. 1,212,853 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $22.54 and its 200-day moving average price is $21.13. The stock has a market capitalization of $14.63 billion, a price-to-earnings ratio of 78.70 and a beta of 0.56. Embraer SA has a 52 week low of $17.06 and a 52 week high of $25.01.
Embraer SA (NYSE:ERJ) last posted its earnings results on Thursday, March 9th. The aerospace company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.35. The firm earned $2.03 billion during the quarter, compared to the consensus estimate of $1.91 billion. Embraer SA had a net margin of 1.31% and a return on equity of 3.93%. The company’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS. Equities analysts predict that Embraer SA will post $1.84 EPS for the current year.
The business also recently declared an annual dividend, which will be paid on Wednesday, May 17th. Shareholders of record on Thursday, April 27th will be issued a $0.132 dividend. This represents a yield of 0.65%. The ex-dividend date of this dividend is Tuesday, April 25th. This is a boost from Embraer SA’s previous annual dividend of $0.04.
A number of institutional investors have recently added to or reduced their stakes in the company. South Dakota Investment Council boosted its position in Embraer SA by 164.1% in the third quarter. South Dakota Investment Council now owns 119,100 shares of the aerospace company’s stock worth $2,056,000 after buying an additional 74,000 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Embraer SA by 286.8% in the third quarter. Tower Research Capital LLC TRC now owns 9,056 shares of the aerospace company’s stock worth $156,000 after buying an additional 6,715 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Embraer SA by 2,129.7% in the third quarter. Canada Pension Plan Investment Board now owns 209,391 shares of the aerospace company’s stock worth $3,614,000 after buying an additional 200,000 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Embraer SA by 155.4% in the third quarter. JPMorgan Chase & Co. now owns 50,812 shares of the aerospace company’s stock worth $877,000 after buying an additional 30,916 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Embraer SA by 17.1% in the third quarter. Sei Investments Co. now owns 11,357 shares of the aerospace company’s stock worth $196,000 after buying an additional 1,659 shares in the last quarter. Hedge funds and other institutional investors own 50.06% of the company’s stock.
Embraer SA Company Profile
Embraer SA is a Brazil-based company that produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. The Company’s segments include Commercial aviation business, Defense and security business, Executive Jet business and Other. Its Commercial Aviation business segment mainly involves the development, production and sale of commercial jets, and rendering of support services.
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