Embraer (NYSE:ERJ) Given Buy Rating at Bank of America

Bank of America reaffirmed their buy rating on shares of Embraer (NYSE:ERJ) in a research report sent to investors on Tuesday morning, Benzinga reports. The brokerage currently has a $40.00 target price on the aerospace company’s stock.

A number of other research analysts also recently commented on the company. UBS Group increased their target price on Embraer from $28.50 to $29.00 and gave the company a neutral rating in a research report on Wednesday, July 3rd. StockNews.com lowered shares of Embraer from a buy rating to a hold rating in a research note on Tuesday, July 23rd. Finally, TD Cowen raised shares of Embraer from a hold rating to a buy rating and boosted their target price for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Embraer presently has a consensus rating of Moderate Buy and a consensus price target of $32.50.

Embraer Stock Performance

Shares of Embraer stock opened at $35.14 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.66. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 24.40 and a beta of 1.69. The firm’s 50-day moving average is $31.50 and its 200 day moving average is $28.12. Embraer has a 1 year low of $12.48 and a 1 year high of $37.26.

Embraer (NYSE:ERJ) last issued its quarterly earnings data 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. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Embraer had a net margin of 6.76% and a return on equity of 5.94%. The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 EPS. Sell-side analysts anticipate that Embraer will post 1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ERJ. Pinnacle Associates Ltd. raised its holdings in shares of Embraer by 0.6% in the 2nd quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock valued at $1,637,000 after purchasing an additional 385 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Embraer by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock worth $573,000 after buying an additional 390 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Embraer by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after buying an additional 456 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of Embraer by 6.5% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 10,724 shares of the aerospace company’s stock valued at $277,000 after purchasing an additional 652 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Embraer by 6.5% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 17,525 shares of the aerospace company’s stock valued at $323,000 after purchasing an additional 1,070 shares during the last quarter. 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.