Embraer (NYSE:ERJ) Trading Up 4.5% - What's Next?

Embraer S.A. (NYSE:ERJ - Get Free Report) traded up 4.5% during mid-day trading on Wednesday . The company traded as high as $33.94 and last traded at $33.94. 452,092 shares changed hands during trading, a decline of 72% from the average session volume of 1,643,750 shares. The stock had previously closed at $32.47.

Analyst Ratings Changes

ERJ has been the topic of several analyst reports. UBS Group upped their target price on shares of Embraer from $28.50 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, July 3rd. StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a report on Tuesday, July 23rd. Bank of America reissued a "buy" rating and issued a $40.00 target price on shares of Embraer in a report on Tuesday, September 17th. Finally, TD Cowen raised Embraer from a "hold" rating to a "buy" rating and raised their price target for the company from $26.00 to $41.00 in a report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.50.

Embraer Trading Up 6.3 %

The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 23.81 and a beta of 1.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.50. The business's 50-day simple moving average is $33.75 and its 200-day simple moving average is $29.72.

Embraer (NYSE:ERJ - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.20. Embraer had a net margin of 6.76% and a return on equity of 5.94%. The firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the firm earned $0.32 earnings per share. The business's revenue for the quarter was up 15.6% on a year-over-year basis. On average, research analysts expect that Embraer S.A. will post 1.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Embraer

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its stake in Embraer by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 2,304,245 shares of the aerospace company's stock worth $59,450,000 after acquiring an additional 137,695 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Embraer by 13.6% in the second quarter. Renaissance Technologies LLC now owns 1,648,800 shares of the aerospace company's stock worth $42,539,000 after purchasing an additional 197,600 shares during the period. Driehaus Capital Management LLC boosted its position in shares of Embraer by 102.5% during the second quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company's stock worth $37,141,000 after purchasing an additional 728,592 shares in the last quarter. Artemis Investment Management LLP acquired a new position in shares of Embraer in the 3rd quarter valued at $30,358,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Embraer by 8.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 797,646 shares of the aerospace company's stock valued at $21,249,000 after buying an additional 59,084 shares in the last quarter. Institutional investors own 34.65% of the company's stock.

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.