Embraer (NYSE:ERJ) Reaches New 12-Month High – Time to Buy?

Embraer S.A. (NYSE:ERJ)’s share price reached a new 52-week high on Thursday . The stock traded as high as $52.92 and last traded at $52.88, with a volume of 3304807 shares traded. The stock had previously closed at $49.88.

Analysts Set New Price Targets

ERJ has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on shares of Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday. TD Cowen upgraded Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. UBS Group cut Embraer from a “neutral” rating to a “sell” rating and lifted their target price for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. Bank of America boosted their price target on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a report on Sunday. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Embraer currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Embraer Trading Up 6.0 %

The firm has a fifty day moving average of $41.12 and a two-hundred day moving average of $37.47. The company has a market cap of $9.71 billion, a PE ratio of 19.44 and a beta of 1.70. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

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

Hedge Funds Weigh In On Embraer

A number of large investors have recently made changes to their positions in ERJ. Invesco Ltd. boosted its stake in Embraer by 17,140.6% in the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company’s stock worth $45,323,000 after purchasing an additional 1,228,468 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in Embraer in the 4th quarter valued at $42,313,000. Carrhae Capital LLP grew its position in shares of Embraer by 48.1% during the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock valued at $97,963,000 after purchasing an additional 866,919 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Embraer by 959.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company’s stock worth $30,247,000 after purchasing an additional 746,758 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in shares of Embraer in the fourth quarter worth $25,024,000. 34.65% of the stock is owned by institutional investors.

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.