Embraer S.A. (NYSE:ERJ) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Embraer S.A. (NYSE:ERJ) have been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $29.83.

Several research firms recently issued reports on ERJ. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. UBS Group increased their target price on shares of Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd.

Hedge Funds Weigh In On Embraer

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in shares of Embraer in the 2nd quarter worth about $41,000. Northwestern Mutual Wealth Management Co. grew its position in Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 456 shares during the last quarter. Driehaus Capital Management LLC increased its stake in shares of Embraer by 102.5% in the second quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock valued at $37,141,000 after purchasing an additional 728,592 shares during the period. Employees Retirement System of Texas raised its holdings in shares of Embraer by 43.6% during the second quarter. Employees Retirement System of Texas now owns 34,600 shares of the aerospace company’s stock valued at $893,000 after buying an additional 10,500 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of Embraer during the second quarter worth approximately $448,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Price Performance

ERJ opened at $32.82 on Thursday. The company has a market capitalization of $6.03 billion, a P/E ratio of 22.79 and a beta of 1.71. The company has a 50-day moving average of $28.95 and a 200-day moving average of $26.04. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.71 and a current ratio of 1.51. Embraer has a 1-year low of $12.48 and a 1-year high of $34.00.

Embraer (NYSE:ERJ) last announced its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.20. Embraer had a return on equity of 5.35% and a net margin of 4.84%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company earned $0.32 earnings per share. Embraer’s quarterly revenue was up 15.6% on a year-over-year basis. Equities analysts expect that Embraer will post 1.3 EPS for the current fiscal year.

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.