Embraer S.A. (NYSE:ERJ) Short Interest Update

Embraer S.A. (NYSE:ERJ) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 4,930,000 shares, a growth of 88.2% from the February 13th total of 2,620,000 shares. Currently, 2.7% of the company’s shares are short sold. Based on an average trading volume of 1,390,000 shares, the days-to-cover ratio is presently 3.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ERJ. Invesco Ltd. increased its position in Embraer by 17,140.6% during the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company’s stock valued at $45,323,000 after buying an additional 1,228,468 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Embraer in the 4th quarter worth $42,313,000. Carrhae Capital LLP increased its holdings in shares of Embraer by 48.1% in the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock worth $97,963,000 after purchasing an additional 866,919 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Embraer by 959.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company’s stock worth $30,247,000 after purchasing an additional 746,758 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of Embraer in the 4th quarter worth $25,024,000. Institutional investors own 34.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ERJ shares. TD Cowen upgraded Embraer to a “strong-buy” rating in a report on Thursday, December 19th. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a report on Monday, March 10th. UBS Group cut Embraer from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. The Goldman Sachs Group increased their price objective on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, Bank of America increased their price objective on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.60.

Embraer Stock Up 2.8 %

Shares of NYSE:ERJ traded up $1.42 during trading on Friday, hitting $52.42. The stock had a trading volume of 2,019,235 shares, compared to its average volume of 1,550,552. Embraer has a 12 month low of $22.09 and a 12 month high of $53.40. The company has a market capitalization of $9.63 billion, a PE ratio of 19.27 and a beta of 1.70. The firm’s fifty day moving average is $43.14 and its 200 day moving average is $38.36. 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 posted its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 earnings per share 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 company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.21 billion. Analysts anticipate that Embraer will post 2.04 EPS for the current fiscal year.

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.