Embraer S.A. (NYSE:ERJ) Given Average Rating of “Moderate Buy” by Brokerages

Embraer S.A. (NYSE:ERJ) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $32.50.

Several research analysts have recently weighed in on ERJ shares. TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and boosted their price target for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. UBS Group upped their target price on shares of Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Finally, Bank of America reiterated a “buy” rating and issued a $40.00 price objective on shares of Embraer in a report on Tuesday, September 17th.

Embraer Trading Up 1.2 %

ERJ stock opened at $33.59 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.50 and a debt-to-equity ratio of 0.81. Embraer has a 52-week low of $13.31 and a 52-week high of $37.30. The company’s 50-day simple moving average is $33.43 and its 200-day simple moving average is $29.55. The firm has a market cap of $6.17 billion, a P/E ratio of 23.32 and a beta of 1.69.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.20. Embraer had a net margin of 6.76% and a return on equity of 5.94%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities analysts forecast that Embraer will post 1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Embraer

A number of large investors have recently bought and sold shares of ERJ. PNC Financial Services Group Inc. acquired a new stake in Embraer in the fourth quarter valued at approximately $30,000. Sunbelt Securities Inc. purchased a new position in Embraer in the second quarter valued at about $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Embraer during the 2nd quarter valued at approximately $44,000. Ashton Thomas Private Wealth LLC purchased a new stake in Embraer during the 2nd quarter worth approximately $55,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 456 shares in the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

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.