Embraer (NYSE:ERJ) Trading 3.8% Higher – Still a Buy?

Shares of Embraer S.A. (NYSE:ERJ) shot up 3.8% on Thursday . The stock traded as high as $48.45 and last traded at $47.56. 595,496 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 1,569,830 shares. The stock had previously closed at $45.83.

Analyst Ratings Changes

Several analysts have recently weighed in on ERJ shares. TD Cowen upgraded Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. The Goldman Sachs Group increased their price target on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Finally, Wolfe Research restated a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $44.50.

Embraer Trading Up 1.0 %

The firm has a 50-day moving average of $46.10 and a 200 day moving average of $39.79. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of 17.01 and a beta of 1.70.

Embraer (NYSE:ERJ) last released its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.47. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. As a group, equities analysts predict that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Institutional Trading of Embraer

A number of large investors have recently added to or reduced their stakes in ERJ. Citigroup Inc. lifted its position in shares of Embraer by 2.9% during the 3rd quarter. Citigroup Inc. now owns 117,605 shares of the aerospace company’s stock valued at $4,160,000 after acquiring an additional 3,354 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Embraer during the third quarter valued at $753,000. Integrated Wealth Concepts LLC acquired a new position in shares of Embraer in the 3rd quarter valued at $242,000. Miura Global Management LLC purchased a new position in Embraer in the 3rd quarter worth about $884,000. Finally, Philadelphia Financial Management of San Francisco LLC acquired a new stake in Embraer during the 3rd quarter worth about $10,767,000. 34.65% of the stock is currently owned by institutional investors.

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.