Embraer S.A. (NYSE:ERJ) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Embraer S.A. (NYSE:ERJ) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $29.83.

A number of research firms recently weighed in on ERJ. UBS Group upped their price target on Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd.

Hedge Funds Weigh In On Embraer

A number of institutional investors have recently made changes to their positions in ERJ. Sunbelt Securities Inc. purchased a new stake in Embraer during the 2nd quarter worth about $41,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after buying an additional 456 shares in the last quarter. Driehaus Capital Management LLC grew its holdings 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 buying an additional 728,592 shares in the last quarter. Employees Retirement System of Texas lifted its stake in shares of Embraer by 43.6% during the second quarter. Employees Retirement System of Texas now owns 34,600 shares of the aerospace company’s stock valued at $893,000 after buying an additional 10,500 shares during the period. Finally, AQR Capital Management LLC purchased a new position in shares of Embraer during the second quarter valued at approximately $448,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer Price Performance

Embraer stock opened at $32.55 on Thursday. The company has a market cap of $5.98 billion, a P/E ratio of 22.60 and a beta of 1.71. Embraer has a one year low of $12.48 and a one year high of $33.17. The business has a fifty day moving average of $28.81 and a two-hundred day moving average of $25.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.71 and a current ratio of 1.51.

Embraer (NYSE:ERJ) last announced its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.24 by $0.20. Embraer had a net margin of 4.84% and a return on equity of 5.35%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the business earned $0.32 earnings per share. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, analysts predict that Embraer will post 1.3 earnings per share for the current fiscal 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.