The Goldman Sachs Group Issues Positive Forecast for Embraer (NYSE:ERJ) Stock Price

Embraer (NYSE:ERJ - Free Report) had its price objective lifted by The Goldman Sachs Group from $44.00 to $50.00 in a report published on Monday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the aerospace company's stock.

A number of other equities analysts have also recently weighed in on the company. StockNews.com raised Embraer from a "hold" rating to a "buy" rating in a report on Sunday. TD Cowen raised shares of Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. Bank of America upped their target price on shares of Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, UBS Group downgraded shares of Embraer from a "neutral" rating to a "sell" rating and lifted their price target for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Embraer presently has a consensus rating of "Moderate Buy" and an average price target of $43.00.

Embraer Price Performance

NYSE ERJ traded up $2.32 during trading hours on Monday, reaching $49.97. The company's stock had a trading volume of 4,250,764 shares, compared to its average volume of 1,551,964. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The company's 50-day moving average is $40.52 and its two-hundred day moving average is $37.24. Embraer has a fifty-two week low of $20.74 and a fifty-two week high of $52.00. The stock has a market cap of $9.18 billion, a PE ratio of 18.37 and a beta of 1.71.

Embraer (NYSE:ERJ - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $2.21 billion. Analysts forecast that Embraer will post 2.04 EPS for the current year.

Institutional Trading of Embraer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp acquired a new stake in shares of Embraer in the fourth quarter worth approximately $28,000. SPX Gestao de Recursos Ltda purchased a new position in Embraer during the fourth quarter worth approximately $37,000. Colonial Trust Co SC acquired a new position in shares of Embraer in the 4th quarter valued at $42,000. Lindbrook Capital LLC grew its stake in shares of 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 acquired a new stake in shares of Embraer during the 4th quarter worth $71,000. Hedge funds and other institutional investors 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.