Embraer (NYSE:ERJ) Trading Down 6.9%

Embraer S.A. (NYSE:ERJ) was down 6.9% during trading on Friday . The stock traded as low as $33.25 and last traded at $33.35. Approximately 1,982,262 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 1,679,948 shares. The stock had previously closed at $35.82.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Bank of America lifted their price target on Embraer from $28.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $41.00 in a report on Wednesday. Finally, UBS Group boosted their target price on shares of Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.50.

Embraer Trading Down 6.0 %

The stock has a market cap of $6.18 billion, a PE ratio of 24.42 and a beta of 1.69. The firm has a 50-day moving average price of $30.27 and a 200-day moving average price of $27.19. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.50.

Embraer (NYSE:ERJ) last issued its earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.20. Embraer had a net margin of 6.76% and a return on equity of 5.94%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the company earned $0.32 earnings per share. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, equities analysts anticipate that Embraer S.A. will post 1.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Embraer

Institutional investors have recently modified their holdings of the business. Pinnacle Associates Ltd. lifted its stake in Embraer by 0.6% during the 2nd quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock valued at $1,637,000 after acquiring an additional 385 shares during the period. Commonwealth Equity Services LLC lifted its position in Embraer by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock valued at $573,000 after purchasing an additional 390 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 456 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its position in Embraer by 6.5% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 10,724 shares of the aerospace company’s stock worth $277,000 after purchasing an additional 652 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Embraer by 6.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 17,525 shares of the aerospace company’s stock valued at $323,000 after buying an additional 1,070 shares during the last quarter. 34.65% of the stock is owned by hedge funds and other 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.