ValuEngine Upgrades Embraer SA (ERJ) to “Buy”
Embraer SA (NYSE:ERJ) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.
Several other brokerages have also recently issued reports on ERJ. Cowen and Company reaffirmed a “hold” rating and set a $24.00 price objective on shares of Embraer SA in a report on Wednesday, September 6th. Zacks Investment Research lowered Embraer SA from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. BidaskClub upgraded Embraer SA from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. Scotiabank lowered Embraer SA from an “outperform” rating to a “sector perform” rating in a report on Tuesday, October 17th. Finally, Deutsche Bank AG lowered Embraer SA from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Embraer SA presently has an average rating of “Hold” and an average target price of $21.67.
Embraer SA (ERJ) traded up $0.77 during mid-day trading on Friday, hitting $19.86. The stock had a trading volume of 3,907,331 shares, compared to its average volume of 2,298,862. The firm has a market capitalization of $3.63 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 0.63 and a beta of 0.34. Embraer SA has a 1-year low of $17.58 and a 1-year high of $24.95. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 1.05.
Embraer SA (NYSE:ERJ) last issued its quarterly earnings data on Friday, October 27th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.11. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Embraer SA had a return on equity of 10.65% and a net margin of 6.63%. sell-side analysts forecast that Embraer SA will post 1.81 EPS for the current year.
ILLEGAL ACTIVITY WARNING: This piece was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/04/valuengine-upgrades-embraer-sa-erj-to-buy.html.
Hedge funds have recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC increased its stake in Embraer SA by 7.6% in the second quarter. JFS Wealth Advisors LLC now owns 6,659 shares of the aerospace company’s stock worth $121,000 after purchasing an additional 470 shares during the period. Global X Management Co. LLC increased its stake in Embraer SA by 2.3% in the second quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock worth $137,000 after purchasing an additional 169 shares during the period. PNC Financial Services Group Inc. increased its stake in Embraer SA by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 9,067 shares of the aerospace company’s stock worth $199,000 after purchasing an additional 152 shares during the period. Driehaus Capital Management LLC purchased a new stake in Embraer SA in the first quarter worth $211,000. Finally, Seminole Management Co. Inc. purchased a new stake in Embraer SA in the second quarter worth $182,000. Institutional investors and hedge funds own 50.65% of the company’s stock.
About Embraer SA
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Embraer SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embraer SA and related companies with MarketBeat.com's FREE daily email newsletter.