Embraer SA (ERJ) Lifted to “Outperform” at Cowen and Company
Embraer SA (NYSE:ERJ) was upgraded by equities research analysts at Cowen and Company from a “market perform” rating to an “outperform” rating in a report issued on Tuesday.
Other equities research analysts have also recently issued research reports about the company. Drexel Hamilton restated a “hold” rating on shares of Embraer SA in a research note on Tuesday, July 12th. HSBC cut Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research note on Monday, August 1st. JPMorgan Chase & Co. began coverage on Embraer SA in a research note on Thursday, October 6th. They issued an “overweight” rating on the stock. Zacks Investment Research cut Embraer SA from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. Finally, Goldman Sachs Group Inc. upgraded Embraer SA from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Wednesday, October 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $26.67.
Shares of Embraer SA (NYSE:ERJ) opened at 18.87 on Tuesday. Embraer SA has a 52 week low of $17.06 and a 52 week high of $32.50. The firm has a market cap of $13.86 billion, a P/E ratio of 510.00 and a beta of 0.83. The stock has a 50 day moving average of $18.29 and a 200 day moving average of $20.60.
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Embraer SA (NYSE:ERJ) last released its earnings results on Friday, July 29th. The company reported ($0.54) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $1.04. The firm earned $1.37 billion during the quarter, compared to the consensus estimate of $1.44 billion. Embraer SA had a net margin of 0.10% and a return on equity of 3.74%. The company’s revenue was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. Equities analysts forecast that Embraer SA will post $0.98 earnings per share for the current year.
A number of large investors have recently bought and sold shares of ERJ. Sarasin & Partners LLP boosted its stake in Embraer SA by 16.1% in the third quarter. Sarasin & Partners LLP now owns 821,281 shares of the company’s stock worth $14,175,000 after buying an additional 113,949 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Embraer SA by 51.1% in the third quarter. BNP Paribas Arbitrage SA now owns 42,278 shares of the company’s stock worth $730,000 after buying an additional 14,300 shares during the period. Macquarie Group Ltd. acquired a new stake in Embraer SA during the second quarter worth $113,000. Nomura Holdings Inc. acquired a new stake in Embraer SA during the second quarter worth $221,000. Finally, Stifel Financial Corp boosted its stake in Embraer SA by 3.9% in the second quarter. Stifel Financial Corp now owns 35,075 shares of the company’s stock worth $763,000 after buying an additional 1,309 shares during the period. Institutional investors and hedge funds own 51.92% of the company’s stock.
Embraer SA Company Profile
Embraer SA is a Brazil-based company that 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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