Embraer (NYSE:ERJ) Reaches New 12-Month High - Here's Why

Embraer S.A. (NYSE:ERJ - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $40.86 and last traded at $40.92, with a volume of 278911 shares changing hands. The stock had previously closed at $39.38.

Analyst Ratings Changes

Several brokerages have commented on ERJ. Bank of America upped their price objective on Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. TD Cowen upgraded Embraer to a "strong-buy" rating in a report on Thursday, December 19th. UBS Group lowered shares of Embraer from a "neutral" rating to a "sell" rating and upped their price objective for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, StockNews.com raised shares of Embraer from a "hold" rating to a "buy" rating in a research report on Wednesday, December 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $37.43.

Embraer Trading Up 5.4 %

The firm has a market capitalization of $7.62 billion, a PE ratio of 15.25 and a beta of 1.71. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The company's 50-day simple moving average is $37.59 and its 200 day simple moving average is $34.47.

Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The aerospace company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.28 by $0.92. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.63 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. During the same period in the previous year, the firm posted $0.18 earnings per share. As a group, sell-side analysts expect that Embraer S.A. will post 2.06 EPS for the current year.

Hedge Funds Weigh In On Embraer

Several institutional investors and hedge funds have recently modified their holdings of ERJ. Sunbelt Securities Inc. purchased a new position in Embraer during the second quarter valued at approximately $41,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock valued at $59,000 after purchasing an additional 456 shares during the period. Signaturefd LLC grew its position in Embraer by 7.9% during the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company's stock valued at $201,000 after buying an additional 414 shares during the period. Brendel Financial Advisors LLC purchased a new position in Embraer in the third quarter valued at $202,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Embraer in the third quarter worth about $242,000. 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.