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

Shares of Embraer S.A. (NYSE:ERJ) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $34.86.

A number of equities research analysts recently commented on the stock. Bank of America restated a “buy” rating and issued a $40.00 price objective on shares of Embraer in a research report on Tuesday, September 17th. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, TD Cowen raised Embraer from a “hold” rating to a “buy” rating and raised their target price for the company from $26.00 to $41.00 in a report on Wednesday, September 4th.

Embraer Stock Performance

ERJ opened at $33.86 on Tuesday. Embraer has a one year low of $14.83 and a one year high of $37.30. The company has a current ratio of 1.50, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81. The business’s 50-day simple moving average is $34.43 and its 200-day simple moving average is $30.55.

Embraer (NYSE:ERJ) last released its earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.20. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. Analysts forecast that Embraer will post 1.6 EPS for the current year.

Institutional Trading of Embraer

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new position in shares of Embraer during the fourth quarter worth about $30,000. Claro Advisors LLC acquired a new stake in Embraer during the first quarter valued at approximately $280,000. Allspring Global Investments Holdings LLC lifted its holdings in Embraer by 8.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 797,646 shares of the aerospace company’s stock worth $21,249,000 after buying an additional 59,084 shares during the last quarter. Norden Group LLC acquired a new position in shares of Embraer in the 1st quarter worth approximately $607,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Embraer in the 1st quarter valued at approximately $5,668,000. 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.