Brokerages Set Embraer S.A. (NYSE:ERJ) Target Price at $32.50

Embraer S.A. (NYSE:ERJ) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $32.50.

Several research firms have weighed in on ERJ. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and upped their price target for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. UBS Group lifted their target price on shares of Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Finally, Bank of America reissued a “buy” rating and set a $40.00 price target on shares of Embraer in a report on Tuesday, September 17th.

Institutional Trading of Embraer

Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. acquired a new position in Embraer during the 4th quarter valued at approximately $30,000. Sunbelt Securities Inc. purchased a new position in Embraer in the 2nd quarter worth $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Embraer during the 2nd quarter worth about $44,000. Ashton Thomas Private Wealth LLC acquired a new stake in Embraer during the 2nd quarter worth about $55,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Embraer by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 456 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Price Performance

ERJ stock opened at $33.93 on Friday. The firm has a 50-day moving average of $33.15 and a 200 day moving average of $29.36. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.66. The company has a market cap of $6.23 billion, a P/E ratio of 23.56 and a beta of 1.69. Embraer has a 1 year low of $12.48 and a 1 year high of $37.30.

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. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. Embraer had a net margin of 6.76% and a return on equity of 5.94%. Embraer’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. On average, sell-side analysts forecast that Embraer will post 1.49 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.