Shares of Embraer SA (NYSE:ERJ) have been assigned a consensus rating of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $22.20.
A number of brokerages have recently issued reports on ERJ. TheStreet upgraded Embraer from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. ValuEngine cut Embraer from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 3rd. Credit Suisse Group cut Embraer to a “hold” rating and set a $25.00 price objective on the stock. in a research note on Friday, December 22nd. Zacks Investment Research cut Embraer from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Finally, Scotiabank cut Embraer from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, October 17th.
Shares of Embraer (NYSE:ERJ) traded up $0.18 during trading on Friday, hitting $24.68. The stock had a trading volume of 1,711,693 shares, compared to its average volume of 2,181,554. Embraer has a one year low of $17.58 and a one year high of $27.45. The company has a market cap of $4,500.00, a PE ratio of 10.97, a P/E/G ratio of 1.55 and a beta of 0.32. The company has a current ratio of 2.67, a quick ratio of 1.73 and a debt-to-equity ratio of 1.05.
The firm also recently announced a special dividend, which will be paid on Friday, February 2nd. Investors of record on Thursday, December 28th will be issued a dividend of $0.1079 per share. The ex-dividend date is Wednesday, December 27th. This is a positive change from Embraer’s previous special dividend of $0.05. Embraer’s payout ratio is presently 15.11%.
Several hedge funds have recently bought and sold shares of ERJ. Legal & General Group Plc increased its holdings in shares of Embraer by 32.6% during the 2nd quarter. Legal & General Group Plc now owns 13,433 shares of the aerospace company’s stock worth $245,000 after acquiring an additional 3,300 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Embraer by 2.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 483,654 shares of the aerospace company’s stock worth $8,816,000 after acquiring an additional 13,798 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Embraer by 31.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 584,282 shares of the aerospace company’s stock worth $10,650,000 after acquiring an additional 138,255 shares during the last quarter. Nationwide Fund Advisors increased its holdings in shares of Embraer by 74.3% during the 2nd quarter. Nationwide Fund Advisors now owns 55,520 shares of the aerospace company’s stock worth $1,012,000 after acquiring an additional 23,660 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Embraer by 1,754.9% during the 2nd quarter. Citigroup Inc. now owns 342,041 shares of the aerospace company’s stock worth $6,236,000 after acquiring an additional 323,601 shares during the last quarter. 50.09% of the stock is currently owned by institutional investors and hedge funds.
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Embraer SA (Embraer) is a manufacturer of jets of 70 to 130 seats. The Company produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. Its segments include Commercial aviation business, which involves the development, production and sale of commercial jets, and rendering of support services, particularly in the regional aviation segment and aircraft leases; Executive Jet business, which markets its executive jets to companies, including fractional ownership companies, charter and air-taxi companies, high-net-worth individuals and to flight academies; Defense and Security Business segment, which conceives, designs, develops, manufactures and supports a range of integrated solutions for the defense and security market, and Other Related Businesses segment, which provides fuel systems, structural parts, and mechanical and hydraulic systems to Sikorsky Aircraft Corporation for its production of helicopters.
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