Embraer S.A. (NYSE:ERJ) Short Interest Update

Embraer S.A. (NYSE:ERJ) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 4,930,000 shares, a growth of 88.2% from the February 13th total of 2,620,000 shares. Approximately 2.7% of the shares of the company are short sold. Based on an average daily trading volume, of 1,390,000 shares, the short-interest ratio is presently 3.5 days.

Hedge Funds Weigh In On Embraer

Hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new position in shares of Embraer in the 4th quarter worth about $28,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Embraer in the 4th quarter worth about $37,000. Colonial Trust Co SC purchased a new position in shares of Embraer in the 4th quarter worth about $42,000. Lindbrook Capital LLC boosted its holdings in Embraer by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 389 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in Embraer during the 4th quarter valued at about $71,000. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ERJ has been the topic of a number of analyst reports. The Goldman Sachs Group boosted their price objective on Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Bank of America boosted their price objective on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Finally, TD Cowen upgraded Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Embraer presently has an average rating of “Moderate Buy” and an average target price of $43.60.

Embraer Price Performance

NYSE ERJ traded up $1.42 during trading on Friday, reaching $52.42. The company’s stock had a trading volume of 2,019,235 shares, compared to its average volume of 1,550,552. The stock has a market capitalization of $9.63 billion, a PE ratio of 19.27 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. The firm has a fifty day moving average of $43.14 and a 200 day moving average of $38.36. Embraer has a one year low of $22.09 and a one year high of $53.40.

Embraer (NYSE:ERJ) last posted 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. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Analysts expect that Embraer will post 2.04 EPS 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.