Embraer S.A. (NYSE:ERJ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Embraer S.A. (NYSE:ERJ) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $40.50.

Several equities analysts recently issued reports on ERJ shares. StockNews.com raised Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and increased their target price for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. TD Cowen raised Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Bank of America increased their target price on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st.

Embraer Stock Performance

NYSE ERJ opened at $45.78 on Thursday. The stock has a market cap of $8.41 billion, a PE ratio of 16.83 and a beta of 1.71. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. Embraer has a twelve month low of $17.19 and a twelve month high of $46.10. The stock has a fifty day simple moving average of $38.25 and a 200-day simple moving average of $35.46.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Friday, November 8th. The aerospace company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.92. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. During the same period in the prior year, the business posted $0.18 EPS. Equities analysts anticipate that Embraer will post 2.06 earnings per share for the current year.

Institutional Investors Weigh In On Embraer

Hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in Embraer by 25.0% during 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. Venturi Wealth Management LLC acquired a new position in Embraer during the fourth quarter worth approximately $71,000. US Bancorp DE increased its position in Embraer by 13.4% during the fourth quarter. US Bancorp DE now owns 3,336 shares of the aerospace company’s stock worth $122,000 after buying an additional 395 shares during the period. Signaturefd LLC increased its position in Embraer by 7.9% during the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock worth $201,000 after buying an additional 414 shares during the period. Finally, Brendel Financial Advisors LLC acquired a new position in Embraer during the third quarter worth approximately $202,000. Institutional investors and hedge funds 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.