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

Embraer S.A. (NYSE:ERJ) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $34.86.

Several equities research analysts have weighed in on ERJ shares. TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and raised their target price for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Bank of America reissued a “buy” rating and issued a $40.00 price objective on shares of Embraer in a research report on Tuesday, September 17th. Finally, StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd.

Embraer Trading Down 0.9 %

Shares of NYSE:ERJ opened at $33.21 on Tuesday. The company has a market capitalization of $6.10 billion, a PE ratio of 15.97 and a beta of 1.70. The company has a current ratio of 1.50, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81. Embraer has a 12-month low of $14.43 and a 12-month high of $37.30. The business’s fifty day simple moving average is $34.43 and its 200-day simple moving average is $30.46.

Embraer (NYSE:ERJ) last announced its 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 net margin of 6.76% and a return on equity of 5.94%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the company posted $0.32 earnings per share. The firm’s revenue was up 15.6% on a year-over-year basis. As a group, equities research analysts predict that Embraer will post 1.6 earnings per share for the current fiscal year.

Institutional Trading of Embraer

Large investors have recently added to or reduced their stakes in the company. Leavell Investment Management Inc. acquired a new stake in shares of Embraer during the third quarter worth about $285,000. Stephens Inc. AR purchased a new position in Embraer during the 3rd quarter worth approximately $725,000. Diversify Wealth Management LLC lifted its stake in Embraer by 5.2% during the 3rd quarter. Diversify Wealth Management LLC now owns 32,664 shares of the aerospace company’s stock valued at $1,136,000 after acquiring an additional 1,614 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Embraer by 82.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,390 shares of the aerospace company’s stock worth $615,000 after purchasing an additional 7,852 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in Embraer in the third quarter valued at $259,000. Hedge funds and other institutional investors 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.