Embraer (NYSE:ERJ) Sets New 52-Week High - What's Next?

Embraer S.A. (NYSE:ERJ - Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as $53.40 and last traded at $52.56, with a volume of 996175 shares traded. The stock had previously closed at $51.00.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ERJ. The Goldman Sachs Group boosted their target price on Embraer from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. TD Cowen upgraded Embraer to a "strong-buy" rating in a report on Thursday, December 19th. Bank of America boosted their target price on Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. StockNews.com lowered Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Finally, UBS Group lowered Embraer from a "neutral" rating to a "sell" rating and boosted their target price for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.60.

Embraer Trading Up 1.0 %

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 company has a 50-day simple moving average of $43.49 and a 200 day simple moving average of $38.55. The company has a market capitalization of $10.13 billion, a P/E ratio of 20.29 and a beta of 1.70.

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Embraer (NYSE:ERJ - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.47. The business had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. Sell-side analysts expect that Embraer S.A. will post 2.04 earnings per share for the current year.

Institutional Trading of Embraer

Institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. boosted its stake in Embraer by 17,140.6% in the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock valued at $45,323,000 after buying an additional 1,228,468 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Embraer in the 4th quarter valued at $42,313,000. Carrhae Capital LLP boosted its stake in Embraer by 48.1% in the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock valued at $97,963,000 after buying an additional 866,919 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Embraer by 959.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company's stock valued at $30,247,000 after buying an additional 746,758 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in Embraer in the fourth quarter worth $25,024,000. 34.65% of the stock is currently owned by institutional investors.

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.