Embraer SA (NYSE:ERJ) Receives Average Recommendation of “Hold” from Analysts
Shares of Embraer SA (NYSE:ERJ) have received an average rating of “Hold” from the twelve ratings firms that are currently covering the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $27.17.
Several research firms have weighed in on ERJ. Deutsche Bank AG dropped their target price on shares of Embraer SA from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, June 13th. Zacks Investment Research downgraded shares of Embraer SA from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. Drexel Hamilton reissued a “hold” rating on shares of Embraer SA in a research report on Tuesday, July 12th. Bank of America Corp. raised shares of Embraer SA from a “neutral” rating to a “buy” rating in a research report on Thursday, June 16th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. assumed coverage on shares of Embraer SA in a research note on Thursday. They set an “overweight” rating for the company.
Several institutional investors have recently bought and sold shares of ERJ. BlackRock Inc. boosted its position in Embraer SA by 3.7% in the first quarter. BlackRock Inc. now owns 13,754 shares of the company’s stock valued at $363,000 after buying an additional 497 shares in the last quarter. M&T Bank Corp boosted its position in Embraer SA by 14.0% in the first quarter. M&T Bank Corp now owns 60,042 shares of the company’s stock valued at $1,581,000 after buying an additional 7,364 shares in the last quarter. BB&T Securities LLC boosted its position in Embraer SA by 9.8% in the first quarter. BB&T Securities LLC now owns 24,234 shares of the company’s stock valued at $638,000 after buying an additional 2,170 shares in the last quarter. HBK Investments L P purchased a new position in Embraer SA during the first quarter valued at about $1,411,000. Finally, Renaissance Technologies LLC boosted its position in Embraer SA by 121.3% in the first quarter. Renaissance Technologies LLC now owns 566,900 shares of the company’s stock valued at $14,943,000 after buying an additional 310,700 shares in the last quarter. Hedge funds and other institutional investors own 51.93% of the company’s stock.
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Embraer SA (NYSE:ERJ) traded down 0.39% during trading on Monday, reaching $17.90. 347,974 shares of the company traded hands. The firm has a 50-day moving average price of $18.22 and a 200-day moving average price of $20.98. The company has a market capitalization of $13.15 billion, a P/E ratio of 483.78 and a beta of 0.83. Embraer SA has a 52 week low of $17.13 and a 52 week high of $32.50.
Embraer SA (NYSE:ERJ) last released its earnings results on Friday, July 29th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $0.50 by $1.04. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Embraer SA had a return on equity of 3.74% and a net margin of 0.10%. The firm’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. Analysts forecast that Embraer SA will post $0.98 earnings per share for the current fiscal year.
About Embraer SA
Embraer SA (Embraer) produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. The Company’s segments include Commercial aviation business, Defense and security business, Executive Jet business and Other. Its Commercial Aviation business segment mainly involves the development, production and sale of commercial jets, and rendering of support services.
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