Embraer (NYSE:ERJ) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Embraer (NYSE:ERJ) from a hold rating to a buy rating in a research report report published on Monday morning.

Several other equities analysts have also recently issued reports on ERJ. The Goldman Sachs Group boosted their price objective on Embraer from $21.00 to $35.00 and gave the company a buy rating in a report on Friday, March 22nd. JPMorgan Chase & Co. boosted their price target on Embraer from $21.00 to $40.00 and gave the company an overweight rating in a report on Friday, March 22nd. Finally, UBS Group upped their price objective on Embraer from $28.50 to $29.00 and gave the stock a neutral rating in a research report on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $29.83.

Embraer Stock Down 0.1 %

ERJ opened at $29.30 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.51 and a quick ratio of 0.71. Embraer has a 12-month low of $12.48 and a 12-month high of $31.12. The firm has a 50 day moving average of $28.34 and a two-hundred day moving average of $23.94.

Embraer (NYSE:ERJ) last released its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The firm had revenue of $896.60 million for the quarter, compared to analyst estimates of $883.92 million. Embraer had a net margin of 4.84% and a return on equity of 5.35%. On average, equities research analysts expect that Embraer will post 1.31 earnings per share for the current fiscal year.

Institutional Trading of Embraer

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Preferred LLC acquired a new stake in Embraer in the 4th quarter valued at $28,000. PNC Financial Services Group Inc. purchased a new stake in shares of Embraer during the fourth quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Embraer during the second quarter worth about $44,000. Blue Trust Inc. raised its position in shares of Embraer by 189.6% during the 4th quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 1,678 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in Embraer in the 4th quarter valued at about $47,000. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

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.