Embraer (NYSE:ERJ) Trading 3.8% Higher – Should You Buy?

Embraer S.A. (NYSE:ERJ) shares shot up 3.8% during mid-day trading on Thursday . The company traded as high as $48.45 and last traded at $47.56. 595,496 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 1,569,830 shares. The stock had previously closed at $45.83.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. The Goldman Sachs Group raised their price target on shares of Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

Embraer Stock Up 1.0 %

The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The business has a 50-day simple moving average of $46.10 and a 200-day simple moving average of $39.79. The stock has a market cap of $8.50 billion, a P/E ratio of 17.01 and a beta of 1.70.

Embraer (NYSE:ERJ) last announced its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.47. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. Analysts expect that Embraer S.A. will post 2.04 EPS for the current year.

Hedge Funds Weigh In On Embraer

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp bought a new position in shares of Embraer during the 4th quarter worth about $28,000. SPX Gestao de Recursos Ltda bought a new position in Embraer during the fourth quarter valued at about $37,000. Colonial Trust Co SC acquired a new position in Embraer in the 4th quarter valued at approximately $42,000. Lindbrook Capital LLC lifted its position in shares of Embraer by 32.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 389 shares during the period. Finally, Venturi Wealth Management LLC bought a new stake in shares of Embraer during the fourth quarter valued at approximately $71,000. 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.