Embraer (NYSE:ERJ) Given New $50.00 Price Target at The Goldman Sachs Group

Embraer (NYSE:ERJ) had its price target increased by The Goldman Sachs Group from $44.00 to $50.00 in a research note released on Monday,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

A number of other equities analysts have also weighed in on ERJ. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research report on Sunday. Bank of America boosted their target price on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and upped their price objective for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Embraer currently has an average rating of “Moderate Buy” and an average target price of $43.00.

Embraer Stock Up 4.9 %

ERJ stock opened at $49.97 on Monday. 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 has a twelve month low of $20.74 and a twelve month high of $52.00. The company’s 50 day moving average is $40.52 and its two-hundred day moving average is $37.24. The stock has a market cap of $9.18 billion, a P/E ratio of 18.37 and a beta of 1.71.

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

Hedge Funds Weigh In On Embraer

A number of institutional investors and hedge funds have recently bought and sold shares of ERJ. Jones Financial Companies Lllp acquired a new stake in shares of Embraer during the 4th quarter valued at approximately $28,000. SPX Gestao de Recursos Ltda bought a new position in Embraer during the fourth quarter valued at about $37,000. Colonial Trust Co SC bought a new position in Embraer during the fourth quarter valued at about $42,000. Lindbrook Capital LLC boosted its position in shares of Embraer by 32.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 389 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in shares of Embraer in the 4th quarter valued at $71,000. 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.