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

Embraer S.A. (NYSE:ERJ) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $40.50.

A number of equities research analysts have recently weighed in on the stock. Bank of America lifted their price target on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. TD Cowen upgraded Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, UBS Group downgraded Embraer from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th.

Embraer Stock Down 2.2 %

Shares of ERJ stock opened at $42.05 on Thursday. Embraer has a 52-week low of $17.46 and a 52-week high of $46.10. The firm’s 50-day moving average is $38.55 and its 200-day moving average is $35.81. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 15.46 and a beta of 1.71.

Embraer (NYSE:ERJ) last announced its earnings results on Friday, November 8th. The aerospace company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.92. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the company earned $0.18 earnings per share. Sell-side analysts predict that Embraer will post 2.06 EPS for the current year.

Hedge Funds Weigh In On Embraer

A number of institutional investors and hedge funds have recently made changes to their positions in ERJ. Jones Financial Companies Lllp bought a new stake in Embraer during the 4th quarter valued at $28,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Embraer during the fourth quarter valued at about $37,000. Lindbrook Capital LLC increased its position in shares of Embraer by 32.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 389 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Embraer in the 4th quarter worth about $71,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 456 shares in the last quarter. Institutional investors own 34.65% of the company’s stock.

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.