Analysts Set Embraer S.A. (NYSE:ERJ) Target Price at $32.50

Embraer S.A. (NYSE:ERJ) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $32.50.

ERJ has been the topic of several recent analyst reports. Bank of America increased their price objective on Embraer from $28.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and increased their target price for the company from $26.00 to $41.00 in a report on Wednesday, September 4th. UBS Group increased their target price on Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Finally, StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd.

Embraer Trading Up 2.5 %

NYSE ERJ opened at $36.95 on Monday. Embraer has a 12 month low of $12.48 and a 12 month high of $37.26. The stock has a market cap of $6.79 billion, a P/E ratio of 25.66 and a beta of 1.69. The stock’s fifty day moving average price is $31.32 and its 200-day moving average price is $28.01. The company has a current ratio of 1.50, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81.

Embraer (NYSE:ERJ) last released its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.24 by $0.20. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the firm posted $0.32 earnings per share. Embraer’s revenue was up 15.6% compared to the same quarter last year. As a group, equities analysts forecast that Embraer will post 1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Pinnacle Associates Ltd. raised its stake in shares of Embraer by 0.6% in the second quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock worth $1,637,000 after buying an additional 385 shares during the period. Commonwealth Equity Services LLC raised its stake in Embraer by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock valued at $573,000 after purchasing an additional 390 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Embraer by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 456 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in Embraer by 6.5% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 10,724 shares of the aerospace company’s stock valued at $277,000 after purchasing an additional 652 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Embraer by 6.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 17,525 shares of the aerospace company’s stock valued at $323,000 after purchasing an additional 1,070 shares during the period. 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.