Embraer SA (ERJ) Receives Consensus Recommendation of “Buy” from Analysts
Embraer SA (NYSE:ERJ) has been assigned a consensus rating of “Buy” from the eleven brokerages that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $24.00.
ERJ has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Embraer SA from a “hold” rating to a “strong sell” rating in a research note on Thursday. Cowen and Company reaffirmed a “buy” rating and set a $27.00 price objective on shares of Embraer SA in a research note on Thursday, April 13th. Finally, TheStreet cut shares of Embraer SA from a “b-” rating to a “c+” rating in a research note on Wednesday, April 5th.
Shares of Embraer SA (NYSE:ERJ) traded up 1.65% during mid-day trading on Friday, reaching $20.29. 1,296,780 shares of the company traded hands. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of 81.16 and a beta of 0.56. The firm has a 50-day moving average price of $20.70 and a 200 day moving average price of $21.23. Embraer SA has a 52 week low of $17.06 and a 52 week high of $24.95.
Embraer SA (NYSE:ERJ) last posted its quarterly earnings results on Tuesday, May 2nd. The aerospace company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by $0.04. Embraer SA had a return on equity of 3.93% and a net margin of 1.31%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. On average, analysts anticipate that Embraer SA will post $1.76 earnings per share for the current year.
The business also recently declared an annual dividend, which will be paid on Wednesday, May 17th. Investors of record on Thursday, April 27th will be paid a $0.132 dividend. The ex-dividend date is Tuesday, April 25th. This represents a yield of 0.65%. This is a boost from Embraer SA’s previous annual dividend of $0.04.
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A number of large investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Embraer SA by 48.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 118,567 shares of the aerospace company’s stock worth $2,046,000 after buying an additional 38,950 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Embraer SA by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 772,439 shares of the aerospace company’s stock worth $13,332,000 after buying an additional 8,302 shares in the last quarter. Prince Street Capital Management LLC bought a new stake in Embraer SA during the third quarter worth about $2,019,000. Two Sigma Investments LP boosted its stake in Embraer SA by 3,440.8% in the fourth quarter. Two Sigma Investments LP now owns 999,849 shares of the aerospace company’s stock worth $19,247,000 after buying an additional 971,611 shares in the last quarter. Finally, FMR LLC boosted its stake in Embraer SA by 112.4% in the fourth quarter. FMR LLC now owns 644,300 shares of the aerospace company’s stock worth $12,403,000 after buying an additional 341,000 shares in the last quarter. 50.06% of the stock is currently owned by hedge funds and other institutional investors.
About Embraer SA
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