Brokerages Set Embraer S.A. (NYSE:ERJ) Target Price at $32.50

Shares of Embraer S.A. (NYSE:ERJ) have earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $32.50.

A number of analysts have recently commented on the company. Bank of America reissued a “buy” rating and set a $40.00 price target on shares of Embraer in a research note on Tuesday, September 17th. UBS Group lifted their price target on shares of Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and increased their price objective for the company from $26.00 to $41.00 in a report on Wednesday, September 4th. Finally, StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN increased its holdings in Embraer by 2.2% in the fourth quarter. Wells Fargo & Company MN now owns 465,345 shares of the aerospace company’s stock worth $8,586,000 after purchasing an additional 9,809 shares in the last quarter. AdvisorShares Investments LLC bought a new stake in shares of Embraer in the 4th quarter valued at $637,000. PNC Financial Services Group Inc. acquired a new position in shares of Embraer during the 4th quarter valued at $30,000. Kapitalo Investimentos Ltda bought a new position in Embraer during the fourth quarter worth $1,879,000. Finally, Perpetual Ltd grew its holdings in Embraer by 88.4% in the first quarter. Perpetual Ltd now owns 623,645 shares of the aerospace company’s stock worth $16,614,000 after purchasing an additional 292,630 shares during the period. 34.65% of the stock is owned by institutional investors.

Embraer Price Performance

Shares of NYSE:ERJ opened at $33.59 on Friday. Embraer has a one year low of $12.76 and a one year high of $37.30. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.66. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 23.33 and a beta of 1.69. The firm has a 50 day simple moving average of $33.30 and a 200 day simple moving average of $29.50.

Embraer (NYSE:ERJ) last announced its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.20. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the company earned $0.32 EPS. Embraer’s revenue was up 15.6% compared to the same quarter last year. Research analysts predict that Embraer will post 1.49 earnings per share for the current fiscal year.

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.