Embraer’s (ERJ) “Peer Perform” Rating Reiterated at Wolfe Research

Wolfe Research reissued their peer perform rating on shares of Embraer (NYSE:ERJ) in a research note issued to investors on Monday, MarketBeat Ratings reports.

ERJ has been the topic of a number of other research reports. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a report on Monday, March 10th. The Goldman Sachs Group raised their target price on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, TD Cowen raised Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Embraer presently has an average rating of “Moderate Buy” and an average target price of $44.50.

Embraer Stock Performance

NYSE ERJ opened at $48.53 on Monday. The company has a 50-day simple moving average of $45.48 and a two-hundred day simple moving average of $39.40. Embraer has a 12-month low of $23.42 and a 12-month high of $56.61. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 17.84 and a beta of 1.70. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ) last announced its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.47. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. On average, equities analysts forecast that Embraer will post 2.04 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ERJ. Carrhae Capital LLP increased its stake 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 acquiring an additional 866,919 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its stake in shares of Embraer by 19.0% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company’s stock worth $89,465,000 after buying an additional 390,094 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Embraer by 8.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company’s stock worth $81,065,000 after buying an additional 176,182 shares during the last quarter. Invesco Ltd. increased its position in Embraer by 17,140.6% during the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company’s stock valued at $45,323,000 after buying an additional 1,228,468 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Embraer during the fourth quarter valued at $42,313,000. Hedge funds and other 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.