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

Embraer S.A. (NYSE:ERJ) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $40.50.

A number of brokerages have recently weighed in on ERJ. TD Cowen upgraded Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Bank of America raised their target price on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and lifted their price target for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th.

Embraer Price Performance

Shares of NYSE:ERJ opened at $42.05 on Thursday. Embraer has a 1-year low of $17.46 and a 1-year high of $46.10. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The stock has a market cap of $7.72 billion, a PE ratio of 15.46 and a beta of 1.71. The stock’s fifty day simple moving average is $38.55 and its two-hundred day simple moving average is $35.81.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Friday, November 8th. The aerospace company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.92. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the firm earned $0.18 earnings per share. As a group, analysts forecast that Embraer will post 2.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Embraer

A number of large investors have recently modified their holdings of the company. AQR Capital Management LLC purchased a new position in shares of Embraer during the 2nd quarter valued at $448,000. Northwestern Mutual Wealth Management Co. increased its stake in Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 456 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Embraer by 30.4% in the 2nd quarter. Cetera Investment Advisers now owns 58,457 shares of the aerospace company’s stock valued at $1,508,000 after acquiring an additional 13,611 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Embraer during the 2nd quarter valued at about $2,011,000. Finally, Artemis Investment Management LLP purchased a new position in shares of Embraer during the third quarter worth about $30,358,000. 34.65% of the stock is currently owned by institutional investors.

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.