Embraer S.A. (NYSE:ERJ) Receives $50.40 Average Price Target from Analysts

Embraer S.A. (NYSE:ERJ) has received a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $50.40.

A number of brokerages recently weighed in on ERJ. UBS Group reaffirmed a “sell” rating and set a $39.00 price target (up from $35.00) on shares of Embraer in a research report on Thursday, April 24th. The Goldman Sachs Group upped their target price on shares of Embraer from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, May 12th. Hsbc Global Res upgraded shares of Embraer from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 4th. Wall Street Zen lowered shares of Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Finally, HSBC upgraded shares of Embraer from a “hold” rating to a “buy” rating and raised their price target for the company from $45.00 to $57.00 in a research note on Wednesday, June 4th.

Embraer Price Performance

Shares of NYSE:ERJ opened at $48.26 on Wednesday. The business’s 50 day simple moving average is $46.20 and its 200-day simple moving average is $43.60. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 17.74 and a beta of 1.68. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. Embraer has a 12 month low of $25.24 and a 12 month high of $56.61.

Embraer (NYSE:ERJ) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.19. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.17 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.48) EPS. As a group, equities analysts forecast that Embraer will post 2.04 earnings per share for the current fiscal year.

Embraer Announces Dividend

The company also recently declared a — dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were paid a $0.049 dividend. The ex-dividend date of this dividend was Friday, May 16th. Embraer’s payout ratio is currently 1.85%.

Institutional Investors Weigh In On Embraer

Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Embraer by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company’s stock valued at $6,514,000 after acquiring an additional 8,938 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Embraer in the fourth quarter valued at approximately $243,000. Quantinno Capital Management LP bought a new position in shares of Embraer in the fourth quarter valued at approximately $227,000. Truist Financial Corp boosted its holdings in shares of Embraer by 8.1% in the fourth quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company’s stock valued at $231,000 after acquiring an additional 470 shares in the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Embraer by 132.0% in the fourth quarter. Natixis Advisors LLC now owns 158,496 shares of the aerospace company’s stock valued at $5,814,000 after acquiring an additional 90,187 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Company Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.