Embraer S.A. (NYSE:ERJ) Receives $44.50 Consensus Price Target from Analysts

Embraer S.A. (NYSE:ERJ) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $44.50.

ERJ has been the subject of several recent analyst reports. Wolfe Research reaffirmed a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. The Goldman Sachs Group raised their price objective on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Finally, TD Cowen raised Embraer to a “strong-buy” rating in a research report on Thursday, December 19th.

Institutional Trading of Embraer

A number of institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans bought a new stake in Embraer in the 3rd quarter valued at approximately $981,000. Advisors Asset Management Inc. raised its holdings in shares of Embraer by 153.9% in the third quarter. Advisors Asset Management Inc. now owns 15,694 shares of the aerospace company’s stock valued at $555,000 after purchasing an additional 9,512 shares during the last quarter. Citigroup Inc. lifted its position in shares of Embraer by 2.9% in the third quarter. Citigroup Inc. now owns 117,605 shares of the aerospace company’s stock worth $4,160,000 after purchasing an additional 3,354 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Embraer by 72.2% during the third quarter. Daiwa Securities Group Inc. now owns 31,000 shares of the aerospace company’s stock worth $1,096,000 after purchasing an additional 13,000 shares during the last quarter. Finally, Townsquare Capital LLC grew its position in Embraer by 1.2% in the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock valued at $920,000 after purchasing an additional 310 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors.

Embraer Price Performance

Shares of ERJ stock opened at $46.26 on Friday. The firm’s 50 day moving average price is $45.77 and its two-hundred day moving average price is $39.61. The stock has a market cap of $8.50 billion, a PE ratio of 17.01 and a beta of 1.70. Embraer has a 52-week low of $23.42 and a 52-week high of $56.61. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56.

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

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.