Embraer (NYSE:ERJ) Sets New 12-Month High – Time to Buy?

Shares of Embraer S.A. (NYSE:ERJ) hit a new 52-week high on Friday . The company traded as high as $53.40 and last traded at $52.56, with a volume of 996175 shares changing hands. The stock had previously closed at $51.00.

Analyst Ratings Changes

A number of research firms have recently commented on ERJ. TD Cowen raised Embraer to a “strong-buy” rating in a report on Thursday, December 19th. UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and upped their price target for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group upped their target price on Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Finally, Bank of America increased their target price 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Embraer Stock Performance

The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The stock has a fifty day simple moving average of $42.57 and a two-hundred day simple moving average of $38.11. The firm has a market capitalization of $9.63 billion, a P/E ratio of 19.27 and a beta of 1.70.

Embraer (NYSE:ERJ) last released its quarterly earnings data 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 company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. On average, research analysts predict 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 made changes to their positions in the stock. Jones Financial Companies Lllp acquired a new position in Embraer during the 4th quarter worth approximately $28,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Embraer during the fourth quarter worth approximately $37,000. Colonial Trust Co SC acquired a new position in shares of Embraer during the fourth quarter worth approximately $42,000. Lindbrook Capital LLC lifted its holdings 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 purchasing an additional 389 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in Embraer in the 4th quarter valued at $71,000. 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.