Wolfe Research Reiterates “Peer Perform” Rating for Embraer (NYSE:ERJ)

Wolfe Research restated their peer perform rating on shares of Embraer (NYSE:ERJ) in a research report sent to investors on Monday morning, Marketbeat reports.

A number of other equities analysts have also weighed in on ERJ. TD Cowen raised Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their price target on shares of Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Embraer Trading Down 0.7 %

NYSE:ERJ opened at $48.53 on Monday. Embraer has a 52 week low of $23.42 and a 52 week high of $56.61. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 17.84 and a beta of 1.70. The company’s 50 day moving average price is $45.48 and its 200-day moving average price is $39.40. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ) last issued its earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.47 by $0.47. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. On average, equities research analysts forecast that Embraer will post 2.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Embraer

Hedge funds and other institutional investors have recently made changes to their positions in the business. Carrhae Capital LLP boosted its holdings in shares of Embraer by 48.1% in the fourth quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock worth $97,963,000 after buying an additional 866,919 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in Embraer by 19.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company’s stock worth $89,465,000 after acquiring an additional 390,094 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Embraer by 8.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company’s stock worth $81,065,000 after acquiring an additional 176,182 shares during the last quarter. Invesco Ltd. grew its position in shares of Embraer by 17,140.6% during the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company’s stock valued at $45,323,000 after acquiring an additional 1,228,468 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Embraer during the 4th quarter valued at $42,313,000. 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.