Embraer S.A. (NYSE:ERJ - Get Free Report)'s share price traded up 3.8% during trading on Thursday . The stock traded as high as $48.45 and last traded at $47.56. 595,496 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 1,569,830 shares. The stock had previously closed at $45.83.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on ERJ shares. StockNews.com lowered Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. TD Cowen upgraded Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. Wolfe Research reissued a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. Finally, The Goldman Sachs Group increased their price objective on shares of Embraer from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. One equities 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 given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $44.50.
Check Out Our Latest Research Report on ERJ
Embraer Trading Down 2.5 %
The stock has a market cap of $7.47 billion, a P/E ratio of 14.95 and a beta of 1.36. The stock's 50-day moving average is $46.18 and its two-hundred day moving average is $39.94. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76.
Embraer (NYSE:ERJ - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. Equities research analysts anticipate that Embraer S.A. will post 2.04 EPS for the current year.
Institutional Investors Weigh In On Embraer
Several large investors have recently bought and sold shares of the business. Jones Financial Companies Lllp purchased a new position in Embraer in the fourth quarter worth about $28,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Embraer in the 4th quarter worth approximately $37,000. Colonial Trust Co SC bought a new position in shares of Embraer during the 4th quarter valued at approximately $42,000. Lindbrook Capital LLC raised its holdings in Embraer by 32.9% during the 4th 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, Venturi Wealth Management LLC purchased a new stake in Embraer during the 4th quarter valued at $71,000. Institutional investors own 34.65% of the company's stock.
About Embraer
(
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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.
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