Brokerages Set Embraer S.A. (NYSE:ERJ) Target Price at $44.50

Shares of Embraer S.A. (NYSE:ERJ - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $44.50.

A number of brokerages have issued reports on ERJ. StockNews.com lowered Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. The Goldman Sachs Group increased their price objective on shares of Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Wolfe Research reissued a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. Finally, TD Cowen raised Embraer to a "strong-buy" rating in a report on Thursday, December 19th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Ballentine Partners LLC boosted its stake in Embraer by 4.0% during the 4th quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company's stock valued at $279,000 after purchasing an additional 296 shares in the last quarter. Townsquare Capital LLC boosted its stake in Embraer by 1.2% during the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company's stock valued at $920,000 after buying an additional 310 shares in the last quarter. LVW Advisors LLC boosted 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 valued at $391,000 after buying an additional 340 shares in the last quarter. Lindbrook Capital LLC grew its holdings in Embraer by 32.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock worth $58,000 after acquiring an additional 389 shares during the period. Finally, US Bancorp DE raised its position in Embraer by 13.4% in the fourth quarter. US Bancorp DE now owns 3,336 shares of the aerospace company's stock worth $122,000 after acquiring an additional 395 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company's stock.

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Embraer Stock Up 0.3 %

Shares of ERJ traded up $0.16 during midday trading on Friday, reaching $46.36. 1,477,719 shares of the company were exchanged, compared to its average volume of 1,573,200. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. Embraer has a 1-year low of $23.42 and a 1-year high of $56.61. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 17.04 and a beta of 1.70. The stock has a 50-day moving average price of $46.01 and a 200-day moving average price of $39.75.

Embraer (NYSE:ERJ - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (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 company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. Research analysts expect that Embraer will post 2.04 earnings per share for the current year.

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.