Embraer (NYSE:ERJ) Trading Down 6.9%

Embraer S.A. (NYSE:ERJ) dropped 6.9% on Friday . The stock traded as low as $33.25 and last traded at $33.35. Approximately 1,982,262 shares changed hands during mid-day trading, an increase of 18% from the average daily volume of 1,679,948 shares. The stock had previously closed at $35.82.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ERJ. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. UBS Group lifted their price objective on shares of Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and upped their target price for the company from $26.00 to $41.00 in a research note on Wednesday. Finally, Bank of America lifted their price target on shares of Embraer from $28.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.50.

Embraer Stock Performance

The company’s fifty day simple moving average is $30.43 and its two-hundred day simple moving average is $27.36. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 23.47 and a beta of 1.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.50.

Embraer (NYSE:ERJ) last posted its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.20. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the firm earned $0.32 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. Equities research analysts predict that Embraer S.A. will post 1.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Embraer

A number of institutional investors have recently made changes to their positions in ERJ. Capital Wealth Planning LLC bought a new stake in Embraer during the fourth quarter valued at $919,000. SteelPeak Wealth LLC acquired a new stake in shares of Embraer during the 2nd quarter worth approximately $443,000. SG Americas Securities LLC bought a new stake in shares of Embraer in the 2nd quarter worth approximately $2,458,000. Atria Investments Inc acquired a new position in Embraer during the 1st quarter valued at approximately $1,671,000. Finally, Blue Trust Inc. grew its stake in Embraer by 35.7% during the 2nd quarter. Blue Trust Inc. now owns 11,758 shares of the aerospace company’s stock worth $313,000 after buying an additional 3,091 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors.

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.