Wolfe Research Reaffirms “Peer Perform” Rating for Embraer (NYSE:ERJ)

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,Benzinga reports.

ERJ has been the topic of a number of other reports. The Goldman Sachs Group lifted their price objective on Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 3rd. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Finally, TD Cowen upgraded Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Embraer presently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

Embraer Stock Performance

ERJ opened at $52.72 on Monday. Embraer has a 12-month low of $23.42 and a 12-month high of $56.61. The stock’s 50 day moving average price is $44.81 and its two-hundred day moving average price is $39.13. The firm has a market capitalization of $9.68 billion, a P/E ratio of 19.38 and a beta of 1.70. 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 (NYSE:ERJ) last issued its earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.47. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.21 billion. On average, equities analysts forecast that Embraer will post 2.04 earnings per share for the current year.

Institutional Investors Weigh In On Embraer

Large investors have recently bought and sold shares of the business. Jones Financial Companies Lllp bought a new position in Embraer in the 4th quarter valued at $28,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Embraer during the fourth quarter worth $37,000. Colonial Trust Co SC acquired a new stake in shares of Embraer in the fourth quarter valued at $42,000. Lindbrook Capital LLC raised its holdings 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 buying an additional 389 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in Embraer during the 4th quarter worth about $71,000. 34.65% of the stock is currently owned by institutional investors.

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.