Brokerages Set Embraer S.A. (NYSE:ERJ) Price Target at $29.83

Shares of Embraer S.A. (NYSE:ERJ) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $29.83.

A number of brokerages have weighed in on ERJ. UBS Group upped their price objective on shares of Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday.

Hedge Funds Weigh In On Embraer

A number of hedge funds have recently added to or reduced their stakes in the company. Capital Wealth Planning LLC purchased a new position in shares of Embraer in the fourth quarter worth $919,000. Ritholtz Wealth Management lifted its stake in Embraer by 21.7% during the 4th quarter. Ritholtz Wealth Management now owns 14,851 shares of the aerospace company’s stock valued at $274,000 after acquiring an additional 2,645 shares during the period. Norden Group LLC bought a new stake in shares of Embraer in the first quarter worth approximately $607,000. BNP Paribas Financial Markets raised its holdings in shares of Embraer by 40.2% during the fourth quarter. BNP Paribas Financial Markets now owns 147,185 shares of the aerospace company’s stock valued at $2,716,000 after purchasing an additional 42,190 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Embraer by 8.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 797,646 shares of the aerospace company’s stock valued at $21,249,000 after purchasing an additional 59,084 shares during the period. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Embraer Trading Down 0.6 %

ERJ opened at $28.77 on Friday. The stock has a market cap of $5.28 billion, a PE ratio of 19.98 and a beta of 1.71. The business has a 50 day moving average of $28.42 and a 200-day moving average of $24.34. Embraer has a 52 week low of $12.48 and a 52 week high of $31.27. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 0.83.

Embraer (NYSE:ERJ) last announced its earnings results on Tuesday, May 7th. The aerospace company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. The firm had revenue of $896.60 million for the quarter, compared to analysts’ expectations of $883.92 million. Embraer had a net margin of 4.84% and a return on equity of 5.35%. Equities research analysts predict that Embraer will post 1.3 earnings per share for the current fiscal year.

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.