Embraer S.A. (NYSE:ERJ) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Embraer S.A. (NYSE:ERJ) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $44.50.

A number of research analysts have recently weighed in on ERJ shares. Wolfe Research restated a “peer perform” rating on shares of Embraer in a research report on Monday. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. The Goldman Sachs Group upped their price target on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Finally, StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a research report on Monday, March 10th.

Institutional Investors Weigh In On Embraer

A number of large investors have recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in shares of Embraer by 17,140.6% in the fourth quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company’s stock worth $45,323,000 after buying an additional 1,228,468 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Embraer during the 4th quarter worth $42,313,000. Carrhae Capital LLP increased its position in shares of Embraer by 48.1% in the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock worth $97,963,000 after purchasing an additional 866,919 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Embraer by 959.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company’s stock worth $30,247,000 after purchasing an additional 746,758 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Embraer in the 4th quarter valued at about $25,024,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer Stock Down 2.1 %

ERJ opened at $47.51 on Friday. Embraer has a one year low of $23.42 and a one year 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. The stock has a market capitalization of $8.72 billion, a P/E ratio of 17.47 and a beta of 1.70. The business’s 50-day simple moving average is $45.63 and its 200-day simple moving average is $39.46.

Embraer (NYSE:ERJ) last issued its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. Analysts anticipate 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.