Wolfe Research Reiterates Peer Perform Rating for Embraer (NYSE:ERJ)

Embraer (NYSE:ERJ)‘s stock had its “peer perform” rating reaffirmed by equities researchers at Wolfe Research in a note issued to investors on Monday,Benzinga reports.

A number of other brokerages have also issued reports on ERJ. The Goldman Sachs Group lifted their target price on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Finally, TD Cowen raised Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. One 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Embraer Stock Up 0.4 %

NYSE:ERJ opened at $52.72 on Monday. The business’s fifty day moving average price is $44.81 and its 200 day moving average price is $39.13. The firm has a market capitalization of $9.68 billion, a price-to-earnings ratio of 19.38 and a beta of 1.70. 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 1-year low of $23.42 and a 1-year high of $56.61.

Embraer (NYSE:ERJ) last issued its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.47. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. On average, sell-side analysts forecast that Embraer will post 2.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp acquired a new position in Embraer during the fourth quarter worth $28,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Embraer during the 4th quarter worth about $37,000. Colonial Trust Co SC acquired a new position in shares of Embraer during the 4th quarter valued at about $42,000. Lindbrook Capital LLC raised its stake in shares of Embraer by 32.9% in the 4th 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. Finally, Venturi Wealth Management LLC acquired a new stake in Embraer in the 4th quarter worth approximately $71,000. Institutional investors 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.