Embraer S.A. (NYSE:ERJ) Receives $34.86 Consensus PT from Brokerages

Embraer S.A. (NYSE:ERJ) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $34.86.

ERJ has been the subject of a number of research reports. TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and increased their price target for the stock from $26.00 to $41.00 in a research note on Wednesday, September 4th. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Finally, Bank of America reaffirmed a “buy” rating and issued a $40.00 price target on shares of Embraer in a research note on Tuesday, September 17th.

Embraer Price Performance

Shares of ERJ stock opened at $33.52 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.50. Embraer has a fifty-two week low of $13.62 and a fifty-two week high of $37.30. The firm has a market cap of $6.16 billion, a P/E ratio of 16.12 and a beta of 1.69. The business’s 50 day moving average price is $34.44 and its 200-day moving average price is $30.40.

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, beating 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 business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the business posted $0.32 earnings per share. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities research analysts anticipate that Embraer will post 1.6 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Stephens Inc. AR purchased a new position in shares of Embraer in the 3rd quarter worth about $725,000. Diversify Wealth Management LLC increased its stake in Embraer by 5.2% during the 3rd quarter. Diversify Wealth Management LLC now owns 32,664 shares of the aerospace company’s stock valued at $1,136,000 after purchasing an additional 1,614 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Embraer by 82.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,390 shares of the aerospace company’s stock worth $615,000 after buying an additional 7,852 shares during the last quarter. Ballentine Partners LLC bought a new position in shares of Embraer in the third quarter worth approximately $259,000. Finally, Signaturefd LLC grew its holdings in shares of Embraer by 7.9% during the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after buying an additional 414 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.