Embraer (NYSE:ERJ) Price Target Raised to $50.00 at The Goldman Sachs Group

Embraer (NYSE:ERJ) had its price objective raised by stock analysts at The Goldman Sachs Group from $44.00 to $50.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. The Goldman Sachs Group’s target price indicates a potential downside of 0.07% from the company’s current price.

ERJ has been the subject of a number of other reports. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Bank of America upped their price objective on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a report on Sunday. Finally, TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Embraer Trading Up 0.2 %

Shares of NYSE:ERJ opened at $50.04 on Monday. The stock has a market capitalization of $9.19 billion, a PE ratio of 18.40 and a beta of 1.71. Embraer has a 1 year low of $20.74 and a 1 year high of $52.00. The firm has a fifty day moving average price of $40.79 and a 200 day moving average price of $37.37. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ) last issued its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.47. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. Analysts expect that Embraer will post 2.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Embraer

A number of hedge funds have recently bought and sold shares of the company. Ballentine Partners LLC boosted its holdings in Embraer by 4.0% during the fourth quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company’s stock valued at $279,000 after acquiring an additional 296 shares during the period. Townsquare Capital LLC raised its position in shares of Embraer by 1.2% during the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock valued at $920,000 after buying an additional 310 shares during the last quarter. Angeles Investment Advisors LLC raised its position in shares of Embraer by 3.0% during the third quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock valued at $416,000 after buying an additional 338 shares during the last quarter. LVW Advisors LLC raised its position in shares of Embraer by 3.3% during the fourth quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company’s stock valued at $391,000 after buying an additional 340 shares during the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of Embraer by 32.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after buying an additional 389 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.