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.

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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

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Analyst Recommendations for Embraer SA (NYSE:ERJ)

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