Embraer S.A. (NYSE:ERJ) Receives $44.50 Consensus Price Target from Brokerages

Shares of Embraer S.A. (NYSE:ERJ) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $44.50.

A number of equities analysts have weighed in on ERJ shares. The Goldman Sachs Group boosted their price target on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Wolfe Research restated a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. TD Cowen raised Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Finally, StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a report on Monday, March 10th.

Institutional Trading of Embraer

Hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in shares of Embraer during the fourth quarter worth $28,000. SPX Gestao de Recursos Ltda acquired a new stake in Embraer in the 4th quarter worth about $37,000. Colonial Trust Co SC bought a new stake in Embraer in the 4th quarter valued at about $42,000. Lindbrook Capital LLC grew its position 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 worth $58,000 after purchasing an additional 389 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new position in shares of Embraer during the fourth quarter worth approximately $71,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer Price Performance

NYSE:ERJ opened at $46.26 on Friday. The stock has a market capitalization of $8.50 billion, a PE ratio of 17.01 and a beta of 1.70. Embraer has a 1-year low of $23.42 and a 1-year high of $56.61. The firm has a fifty day simple moving average of $45.77 and a 200 day simple moving average of $39.61. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ) last announced its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.47. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. On average, research analysts expect that Embraer will post 2.04 EPS for the current fiscal year.

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.