Wolfe Research Reiterates Peer Perform Rating for Embraer (NYSE:ERJ)

Wolfe Research reiterated their peer perform rating on shares of Embraer (NYSE:ERJ - Free Report) in a research report sent to investors on Monday morning, Marketbeat reports.

A number of other brokerages have also issued reports on ERJ. The Goldman Sachs Group boosted their target price on Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. StockNews.com downgraded Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Finally, TD Cowen upgraded Embraer to a "strong-buy" rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.50.

Embraer Trading Down 2.6 %

Shares of NYSE:ERJ traded down $1.23 during midday trading on Monday, reaching $46.26. 1,629,692 shares of the company's stock were exchanged, compared to its average volume of 1,576,144. The stock has a market cap of $8.50 billion, a price-to-earnings ratio of 17.01 and a beta of 1.70. Embraer has a fifty-two week low of $23.42 and a fifty-two week high of $56.61. The firm's 50 day simple moving average is $45.77 and its two-hundred day simple moving average is $39.54. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76.

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Embraer (NYSE:ERJ - Get Free Report) last announced its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.47. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. As a group, sell-side analysts forecast that Embraer will post 2.04 EPS for the current fiscal year.

Institutional Trading of Embraer

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp purchased a new stake in Embraer during the 4th quarter worth about $28,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Embraer during the fourth quarter worth about $37,000. Colonial Trust Co SC purchased a new stake in shares of Embraer during the fourth quarter worth approximately $42,000. Lindbrook Capital LLC raised its holdings in Embraer by 32.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock valued at $58,000 after acquiring an additional 389 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in Embraer in the fourth quarter valued at approximately $71,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

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.