Embraer (NYSE:ERJ) Given Peer Perform Rating at Wolfe Research

Wolfe Research reissued their peer perform rating on shares of Embraer (NYSE:ERJ) in a research note published on Monday, Marketbeat.com reports.

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

Embraer Stock Performance

Shares of NYSE ERJ opened at $49.47 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The stock has a 50 day moving average price of $45.05 and a 200 day moving average price of $39.23. The stock has a market capitalization of $9.09 billion, a PE ratio of 18.19 and a beta of 1.70. Embraer has a 52 week low of $23.42 and a 52 week high of $56.61.

Embraer (NYSE:ERJ) last released its quarterly earnings data 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 company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. Analysts predict that Embraer will post 2.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Embraer

Hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of Embraer by 39.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,212 shares of the aerospace company’s stock worth $888,000 after purchasing an additional 6,822 shares during the period. Employees Retirement System of Texas grew its holdings in Embraer by 9.5% in the 4th quarter. Employees Retirement System of Texas now owns 37,900 shares of the aerospace company’s stock valued at $1,390,000 after buying an additional 3,300 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Embraer during the 4th quarter worth $5,042,000. Ulysses Management LLC acquired a new stake in shares of Embraer during the fourth quarter worth $2,017,000. Finally, Two Sigma Investments LP grew its stake in shares of Embraer by 27.4% in the fourth quarter. Two Sigma Investments LP now owns 506,051 shares of the aerospace company’s stock valued at $18,562,000 after acquiring an additional 108,740 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

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.