Embraer (NYSE:ERJ) Sets New 12-Month High – Time to Buy?

Embraer S.A. (NYSE:ERJ)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $43.43 and last traded at $44.63, with a volume of 207023 shares traded. The stock had previously closed at $39.85.

Analyst Ratings Changes

ERJ has been the subject of several analyst reports. TD Cowen raised Embraer to a “strong-buy” rating in a report on Thursday, December 19th. StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America boosted their price target on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Embraer presently has a consensus rating of “Moderate Buy” and an average target price of $40.50.

Embraer Stock Down 2.6 %

The business has a fifty day moving average price of $38.37 and a two-hundred day moving average price of $35.53. 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 company has a market cap of $8.19 billion, a price-to-earnings ratio of 16.39 and a beta of 1.71.

Embraer (NYSE:ERJ) last released its quarterly earnings data on Friday, November 8th. The aerospace company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.92. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the business earned $0.18 EPS. On average, equities analysts predict that Embraer S.A. will post 2.06 earnings per share for the current year.

Institutional Trading of Embraer

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ballentine Partners LLC grew its stake in Embraer by 4.0% in the fourth quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company’s stock valued at $279,000 after purchasing an additional 296 shares in the last quarter. Townsquare Capital LLC lifted its holdings in shares of Embraer by 1.2% during the 3rd quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock valued at $920,000 after buying an additional 310 shares during the last quarter. Angeles Investment Advisors LLC grew its stake in shares of Embraer by 3.0% in the 3rd quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock valued at $416,000 after buying an additional 338 shares in the last quarter. LVW Advisors LLC increased its holdings in Embraer by 3.4% in the third quarter. LVW Advisors LLC now owns 10,320 shares of the aerospace company’s stock worth $365,000 after buying an additional 340 shares during the last quarter. Finally, Lindbrook Capital LLC raised its position in Embraer by 32.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 389 shares in the last quarter. 34.65% of the stock is currently owned by hedge funds and other 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.