The Goldman Sachs Group Forecasts Strong Price Appreciation for Embraer (NYSE:ERJ) Stock

Embraer (NYSE:ERJ - Free Report) had its price target raised by The Goldman Sachs Group from $44.00 to $50.00 in a report published on Monday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the aerospace company's stock.

Several other research firms have also commented on ERJ. Bank of America boosted their price target on Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. StockNews.com raised shares of Embraer from a "hold" rating to a "buy" rating in a research report on Sunday, March 2nd. TD Cowen raised shares of Embraer to a "strong-buy" rating in a report on Thursday, December 19th. Finally, UBS Group cut shares of Embraer from a "neutral" rating to a "sell" rating and upped their price objective for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.00.

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Embraer Trading Down 1.7 %

Embraer stock traded down $0.90 during midday trading on Monday, reaching $50.95. The stock had a trading volume of 971,685 shares, compared to its average volume of 1,590,622. The stock has a market capitalization of $9.36 billion, a PE ratio of 18.74 and a beta of 1.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The stock's 50-day simple moving average is $41.12 and its 200 day simple moving average is $37.47. Embraer has a twelve month low of $20.74 and a twelve month high of $53.19.

Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.21 billion. Analysts expect that Embraer will post 2.04 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Carrhae Capital LLP lifted its holdings in shares of Embraer by 48.1% in the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock worth $97,963,000 after purchasing an additional 866,919 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its position in Embraer by 19.0% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock valued at $89,465,000 after purchasing an additional 390,094 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Embraer by 8.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company's stock valued at $81,065,000 after purchasing an additional 176,182 shares during the last quarter. Jennison Associates LLC boosted its stake in Embraer by 102.1% during the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company's stock valued at $47,100,000 after purchasing an additional 672,644 shares during the period. Finally, Invesco Ltd. grew its position in Embraer by 17,140.6% in the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock worth $45,323,000 after purchasing an additional 1,228,468 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company's stock.

Embraer Company Profile

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.