Embraer (NYSE:ERJ) Hits New 1-Year High – Here’s What Happened

Embraer S.A. (NYSE:ERJ) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $40.86 and last traded at $40.92, with a volume of 278911 shares traded. The stock had previously closed at $39.38.

Wall Street Analyst Weigh In

ERJ has been the topic of a number of research reports. Bank of America raised their price target on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. StockNews.com raised Embraer from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. TD Cowen raised Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Finally, UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Embraer currently has a consensus rating of “Moderate Buy” and an average price target of $37.43.

Embraer Price Performance

The company’s 50 day simple moving average is $37.71 and its 200-day simple moving average is $34.63. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 15.17 and a beta of 1.71.

Embraer (NYSE:ERJ) last issued its quarterly 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. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.63 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. During the same quarter in the prior year, the company posted $0.18 EPS. On average, equities research analysts predict that Embraer S.A. will post 2.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Embraer

A number of institutional investors have recently added to or reduced their stakes in ERJ. Bank of New York Mellon Corp purchased a new stake in Embraer during the second quarter worth approximately $349,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Embraer during the 2nd quarter valued at $1,517,000. Vanguard Personalized Indexing Management LLC boosted its position in Embraer by 19.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,873 shares of the aerospace company’s stock worth $616,000 after purchasing an additional 3,815 shares during the period. Sei Investments Co. increased its holdings in Embraer by 30.4% in the 2nd quarter. Sei Investments Co. now owns 62,031 shares of the aerospace company’s stock valued at $1,601,000 after purchasing an additional 14,458 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Embraer by 76.5% in the second quarter. Marshall Wace LLP now owns 712,112 shares of the aerospace company’s stock valued at $18,372,000 after purchasing an additional 308,729 shares during the period. Hedge funds and other institutional investors own 34.65% of the company’s stock.

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.