Embraer (NYSE:ERJ) Hits New 1-Year High – What’s Next?

Embraer S.A. (NYSE:ERJ)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $52.92 and last traded at $52.88, with a volume of 3304807 shares. The stock had previously closed at $49.88.

Analysts Set New Price Targets

A number of analysts recently weighed in on ERJ shares. TD Cowen upgraded Embraer to a “strong-buy” rating in a report on Thursday, December 19th. UBS Group cut Embraer from a “neutral” rating to a “sell” rating and increased their price target for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. Bank of America raised their price objective on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. The Goldman Sachs Group upped their target price on Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a report on Monday. Finally, StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a report on Sunday. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Embraer presently has an average rating of “Moderate Buy” and an average price target of $43.00.

Embraer Stock Up 6.0 %

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 firm’s 50 day moving average price is $41.12 and its two-hundred day moving average price is $37.47. The company has a market cap of $9.71 billion, a P/E 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 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.47. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. Equities research analysts anticipate that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Embraer

Several hedge funds and other institutional investors have recently modified their holdings of ERJ. Carrhae Capital LLP grew its position in Embraer by 48.1% in the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock valued at $97,963,000 after purchasing an additional 866,919 shares during the period. Gilder Gagnon Howe & Co. LLC grew its holdings in shares of Embraer by 19.0% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company’s stock valued at $89,465,000 after buying an additional 390,094 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Embraer by 8.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company’s stock worth $81,065,000 after acquiring an additional 176,182 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Embraer by 102.1% in the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock worth $47,100,000 after acquiring an additional 672,644 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Embraer by 17,140.6% in the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company’s stock valued at $45,323,000 after acquiring an additional 1,228,468 shares in the last quarter. 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.