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 September. As of September 15th, there was short interest totalling 4,460,000 shares, a growth of 42.5% from the August 31st total of 3,130,000 shares. Based on an average daily trading volume, of 1,690,000 shares, the short-interest ratio is currently 2.6 days. Currently, 2.4% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ERJ. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Bank of America reiterated a “buy” rating and issued a $40.00 price target on shares of Embraer in a research report on Tuesday, September 17th. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Finally, 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 report on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.50.

Embraer Stock Down 3.3 %

ERJ stock traded down $1.21 during mid-day trading on Friday, hitting $35.72. 1,579,175 shares of the company were exchanged, compared to its average volume of 1,675,978. The firm has a fifty day simple moving average of $32.61 and a 200 day simple moving average of $28.98. The company has a market capitalization of $6.56 billion, a PE ratio of 24.81 and a beta of 1.69. Embraer has a twelve month low of $12.48 and a twelve month high of $37.30. The company has a current ratio of 1.50, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81.

Embraer (NYSE:ERJ) last posted its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.20. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 EPS. On average, research analysts forecast that Embraer will post 1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Pinnacle Associates Ltd. lifted its position in Embraer by 0.6% in the 2nd quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock worth $1,637,000 after buying an additional 385 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Embraer by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock valued at $573,000 after purchasing an additional 390 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Embraer by 25.0% in the second 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. U.S. Capital Wealth Advisors LLC increased its position in 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 worth $277,000 after purchasing an additional 652 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its position in Embraer by 2.6% in the 1st quarter. Orion Portfolio Solutions LLC now owns 44,535 shares of the aerospace company’s stock worth $1,186,000 after purchasing an additional 1,139 shares during the last quarter. 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.