Embraer S.A. (NYSE:ERJ) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Embraer S.A. (NYSE:ERJ - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $32.50.

Several research analysts have recently commented on the company. StockNews.com lowered Embraer from a "buy" rating to a "hold" rating in a report on Tuesday, July 23rd. UBS Group increased their price target on shares of Embraer from $28.50 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, July 3rd. Bank of America reaffirmed a "buy" rating and set a $40.00 price objective on shares of Embraer in a report on Tuesday, September 17th. Finally, TD Cowen upgraded shares of Embraer from a "hold" rating to a "buy" rating and upped their target price for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. purchased a new stake in Embraer during the 4th quarter valued at about $30,000. Sunbelt Securities Inc. purchased a new stake in shares of Embraer during the second quarter valued at approximately $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Embraer in the second quarter worth approximately $44,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Embraer in the second quarter worth $55,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Embraer by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock valued at $59,000 after buying an additional 456 shares during the last quarter. 34.65% of the stock is owned by institutional investors.

Embraer Price Performance

NYSE ERJ traded up $0.62 on Friday, hitting $33.92. The stock had a trading volume of 1,118,378 shares, compared to its average volume of 1,665,175. The firm has a 50-day moving average of $33.06 and a 200-day moving average of $29.26. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.50. Embraer has a 52-week low of $12.48 and a 52-week high of $37.30. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 23.56 and a beta of 1.69.

Embraer (NYSE:ERJ - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.20. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the business posted $0.32 earnings per share. The firm's revenue was up 15.6% compared to the same quarter last year. Equities analysts expect that Embraer will post 1.49 EPS for the current year.

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.