Embraer S.A. (NYSE:ERJ) Receives $29.75 Consensus Target Price from Analysts

Shares of Embraer S.A. (NYSE:ERJ) have been given an average rating of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $29.75.

Several brokerages recently commented on ERJ. The Goldman Sachs Group boosted their target price on Embraer from $21.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. boosted their price objective on Embraer from $21.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Morgan Stanley raised their target price on Embraer from $19.50 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. UBS Group reiterated a “neutral” rating and issued a $28.50 price target (up from $21.00) on shares of Embraer in a research report on Tuesday, March 26th. Finally, StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a report on Monday.

Institutional Investors Weigh In On Embraer

Hedge funds have recently modified their holdings of the stock. Allworth Financial LP purchased a new position in Embraer in the 3rd quarter worth about $26,000. Advisors Preferred LLC purchased a new position in shares of Embraer in the fourth quarter worth approximately $28,000. PNC Financial Services Group Inc. acquired a new stake in shares of Embraer during the fourth quarter valued at approximately $30,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Embraer in the 4th quarter valued at approximately $47,000. Finally, Blue Trust Inc. boosted its stake in Embraer by 189.6% in the 4th quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 1,678 shares during the period. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Stock Up 0.1 %

Shares of ERJ opened at $26.40 on Tuesday. Embraer has a one year low of $12.48 and a one year high of $27.47. The stock’s fifty day moving average is $24.74 and its 200-day moving average is $19.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.65 and a quick ratio of 0.93.

Embraer (NYSE:ERJ) last announced its earnings results on Monday, March 18th. The aerospace company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.15. Embraer had a net margin of 3.11% and a return on equity of 2.80%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2.21 billion. Analysts forecast that Embraer will post 1.36 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.