Embraer’s (ERJ) Peer Perform Rating Reaffirmed at Wolfe Research

Wolfe Research restated their peer perform rating on shares of Embraer (NYSE:ERJ) in a report published on Monday, MarketBeat reports.

ERJ has been the topic of several other research reports. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. The Goldman Sachs Group upped their target price on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Embraer Price Performance

Shares of NYSE ERJ opened at $49.47 on Monday. The business has a fifty day moving average price of $45.05 and a two-hundred day moving average price of $39.23. The stock has a market capitalization of $9.09 billion, a PE ratio of 18.19 and a beta of 1.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. Embraer has a fifty-two week low of $23.42 and a fifty-two week high of $56.61.

Embraer (NYSE:ERJ) last posted its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.47. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. As a group, equities analysts predict that Embraer will post 2.04 earnings per share for the current fiscal year.

Institutional Trading of Embraer

A number of hedge funds have recently added to or reduced their stakes in the stock. Ballentine Partners LLC lifted its stake in shares of Embraer by 4.0% in the 4th 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 last quarter. Townsquare Capital LLC raised its position in Embraer by 1.2% in the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock valued at $920,000 after purchasing an additional 310 shares during the last quarter. LVW Advisors LLC boosted its stake 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 purchasing an additional 340 shares in the last quarter. Lindbrook Capital LLC grew its holdings 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 worth $58,000 after purchasing an additional 389 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Embraer by 13.4% in the fourth quarter. US Bancorp DE now owns 3,336 shares of the aerospace company’s stock valued at $122,000 after buying an additional 395 shares during the period. Institutional investors and hedge funds own 34.65% of the company’s stock.

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.