Shares of Embraer SA (NYSE:ERJ) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $21.38.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut Embraer from a “strong-buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a report on Wednesday, October 16th. William Blair reaffirmed a “market perform” rating on shares of Embraer in a report on Wednesday, August 14th. Cowen reiterated a “hold” rating and set a $22.00 price objective on shares of Embraer in a research report on Tuesday, November 12th. Finally, UBS Group reiterated a “buy” rating and set a $21.00 price objective (down previously from $23.00) on shares of Embraer in a research report on Thursday, November 14th.
Several hedge funds have recently made changes to their positions in the company. Brandes Investment Partners LP increased its stake in Embraer by 0.5% during the second quarter. Brandes Investment Partners LP now owns 20,024,471 shares of the aerospace company’s stock worth $407,221,000 after acquiring an additional 92,637 shares during the last quarter. Mondrian Investment Partners LTD lifted its position in Embraer by 11.1% in the second quarter. Mondrian Investment Partners LTD now owns 13,900,162 shares of the aerospace company’s stock valued at $279,810,000 after buying an additional 1,385,984 shares during the last quarter. Oldfield Partners LLP lifted its position in Embraer by 5.8% in the third quarter. Oldfield Partners LLP now owns 4,847,665 shares of the aerospace company’s stock valued at $83,622,000 after buying an additional 263,600 shares during the last quarter. Bank of America Corp DE boosted its stake in Embraer by 12.8% during the second quarter. Bank of America Corp DE now owns 2,341,427 shares of the aerospace company’s stock worth $47,134,000 after buying an additional 265,031 shares during the period. Finally, Polunin Capital Partners Ltd boosted its stake in Embraer by 2.2% during the third quarter. Polunin Capital Partners Ltd now owns 1,754,293 shares of the aerospace company’s stock worth $30,261,000 after buying an additional 38,200 shares during the period. 44.80% of the stock is currently owned by hedge funds and other institutional investors.
Embraer (NYSE:ERJ) last announced its quarterly earnings data on Tuesday, November 12th. The aerospace company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Embraer had a negative net margin of 2.59% and a negative return on equity of 3.36%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 EPS. On average, sell-side analysts predict that Embraer will post -0.83 earnings per share for the current fiscal year.
Embraer Company Profile
Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Defense and Security, Executive Jets, Service & Support, and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.
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