Embraer SA (ERJ) Receives Consensus Rating of “Hold” from Brokerages

Shares of Embraer SA (NYSE:ERJ) have been given a consensus recommendation of “Hold” by the twelve analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $23.40.

ERJ has been the subject of a number of analyst reports. TheStreet upgraded shares of Embraer from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. ValuEngine upgraded shares of Embraer from a “hold” rating to a “buy” rating in a report on Saturday, November 4th. Bank of America set a $27.00 target price on shares of Embraer and gave the stock a “buy” rating in a report on Wednesday, November 1st. Deutsche Bank lowered shares of Embraer from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a report on Tuesday, October 17th. Finally, Credit Suisse Group lowered shares of Embraer to a “hold” rating and set a $25.00 target price for the company. in a report on Friday, December 22nd.

Institutional investors and hedge funds have recently modified their holdings of the business. Highbridge Capital Management LLC purchased a new stake in Embraer in the third quarter worth about $213,000. KCS Wealth Advisory purchased a new stake in Embraer in the fourth quarter worth about $219,000. Teacher Retirement System of Texas purchased a new stake in Embraer in the fourth quarter worth about $223,000. 180 Wealth Advisors LLC purchased a new stake in Embraer in the fourth quarter worth about $229,000. Finally, TD Asset Management Inc. purchased a new stake in Embraer in the third quarter worth about $237,000. Institutional investors and hedge funds own 53.08% of the company’s stock.

Embraer (NYSE ERJ) traded up $0.13 during trading on Tuesday, hitting $26.95. 674,681 shares of the stock were exchanged, compared to its average volume of 1,693,643. 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 stock has a market capitalization of $4,820.00, a price-to-earnings ratio of 12.31, a P/E/G ratio of 1.65 and a beta of 0.24. Embraer has a one year low of $17.58 and a one year high of $27.45.

The business also recently disclosed a special dividend, which was paid on Friday, February 2nd. Shareholders of record on Thursday, December 28th were issued a $0.1079 dividend. The ex-dividend date was Wednesday, December 27th. This is a positive change from Embraer’s previous special dividend of $0.05. Embraer’s dividend payout ratio (DPR) is 15.98%.

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About Embraer

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.

Analyst Recommendations for Embraer (NYSE:ERJ)

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