Embraer S.A. (NYSE:ERJ) Receives $40.50 Average Target Price from Brokerages

Shares of Embraer S.A. (NYSE:ERJ) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $43.00.

A number of research firms have recently commented on ERJ. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a report on Sunday. Bank of America increased their price objective on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and increased their price objective for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. The Goldman Sachs Group increased their price objective on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Monday. Finally, TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th.

Hedge Funds Weigh In On Embraer

Institutional investors have recently bought and sold shares of the stock. Creative Planning purchased a new position in shares of Embraer in the 3rd quarter worth $329,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Embraer by 82.3% in the 3rd 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 in the last quarter. Stephens Inc. AR purchased a new position in shares of Embraer in the 3rd quarter worth $725,000. Leavell Investment Management Inc. purchased a new position in shares of Embraer in the 3rd quarter worth $285,000. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of Embraer by 27.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 74,721 shares of the aerospace company’s stock worth $2,643,000 after buying an additional 15,926 shares in the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Trading Up 6.0 %

NYSE:ERJ opened at $52.88 on Monday. The company’s 50 day moving average price is $41.12 and its 200-day moving average price is $37.47. Embraer has a 52 week low of $20.74 and a 52 week high of $52.92. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The stock has a market cap of $9.71 billion, a price-to-earnings ratio of 19.44 and a beta of 1.70.

Embraer (NYSE:ERJ) last posted its quarterly 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. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.21 billion. On average, equities research analysts forecast that Embraer will post 2.04 earnings per share for the current fiscal year.

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.