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

Embraer S.A. (NYSE:ERJ) has received an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $29.83.

ERJ has been the topic of several recent research reports. StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. UBS Group boosted their price target on Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd.

Embraer Trading Up 1.8 %

NYSE:ERJ opened at $29.30 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.71 and a current ratio of 1.51. Embraer has a 1-year low of $12.48 and a 1-year high of $31.27. The business has a 50 day moving average of $28.38 and a 200 day moving average of $24.46.

Embraer (NYSE:ERJ) last announced its quarterly earnings results on Tuesday, May 7th. The aerospace company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. Embraer had a return on equity of 5.35% and a net margin of 4.84%. The business had revenue of $896.60 million for the quarter, compared to analysts’ expectations of $883.92 million. As a group, research analysts anticipate that Embraer will post 1.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Embraer

A number of hedge funds have recently added to or reduced their stakes in the stock. Simplicity Wealth LLC acquired a new position in shares of Embraer during the first quarter worth $18,158,000. TimesSquare Capital Management LLC purchased a new stake in Embraer in the 1st quarter valued at $10,754,000. Jennison Associates LLC acquired a new stake in shares of Embraer in the 1st quarter worth $9,818,000. Perpetual Ltd raised its holdings in shares of Embraer by 88.4% during the 1st quarter. Perpetual Ltd now owns 623,645 shares of the aerospace company’s stock worth $16,614,000 after acquiring an additional 292,630 shares during the period. Finally, Banco BTG Pactual S.A. acquired a new position in shares of Embraer during the 4th quarter valued at about $4,662,000. 34.65% of the stock is currently owned by institutional investors.

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.