Embraer (NYSE:ERJ) Earns “Peer Perform” Rating from Wolfe Research

Embraer (NYSE:ERJ)‘s stock had its “peer perform” rating reissued by stock analysts at Wolfe Research in a research note issued to investors on Monday, MarketBeat reports.

A number of other analysts have also recently issued reports on the company. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group boosted their price objective on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Embraer presently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

Embraer Price Performance

Shares of ERJ stock opened at $48.96 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Embraer has a 12-month low of $23.42 and a 12-month high of $56.61. The firm has a fifty day moving average of $45.28 and a 200-day moving average of $39.34. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 18.00 and a beta of 1.70.

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

Institutional Trading of Embraer

A number of hedge funds and other institutional investors have recently made changes to their positions in ERJ. Jones Financial Companies Lllp acquired a new position in Embraer during the fourth quarter worth $28,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Embraer during the 4th quarter worth about $37,000. Colonial Trust Co SC bought a new position in shares of Embraer in the 4th quarter valued at about $42,000. Lindbrook Capital LLC increased its position in shares of 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 during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in Embraer during the fourth quarter worth about $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.