Embraer (NYSE:ERJ) Shares Gap Down - Here's What Happened

Embraer S.A. (NYSE:ERJ - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $52.64, but opened at $51.08. Embraer shares last traded at $50.10, with a volume of 209,290 shares changing hands.

Wall Street Analyst Weigh In

ERJ has been the subject of several recent analyst reports. TD Cowen upgraded Embraer to a "strong-buy" rating in a research report on Thursday, December 19th. StockNews.com cut shares of Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. The Goldman Sachs Group lifted their price target on shares of Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Embraer in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $44.50.

Embraer Stock Performance

The company has a fifty day moving average price of $45.63 and a two-hundred day moving average price of $39.46. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The company has a market capitalization of $8.53 billion, a P/E ratio of 17.03 and a beta of 1.70.

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Embraer (NYSE:ERJ - Get Free Report) last posted its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.47. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. Equities analysts forecast that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Embraer

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ballentine Partners LLC boosted its holdings 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 acquiring an additional 296 shares during the last quarter. Townsquare Capital LLC increased its position in shares of Embraer by 1.2% during the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company's stock worth $920,000 after buying an additional 310 shares during the period. LVW Advisors LLC raised its stake in Embraer by 3.3% during the fourth quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company's stock worth $391,000 after buying an additional 340 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in Embraer by 32.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock valued at $58,000 after buying an additional 389 shares during the period. Finally, US Bancorp DE boosted its position in Embraer by 13.4% during the fourth quarter. US Bancorp DE now owns 3,336 shares of the aerospace company's stock valued at $122,000 after acquiring an additional 395 shares during the last quarter. Institutional investors and hedge funds 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.