Embraer SA (NYSE:ERJ) was down 3.3% during mid-day trading on Friday . The stock traded as low as $21.24 and last traded at $21.29, with a volume of 384,431 shares changing hands. The stock had previously closed at $22.02.

Several equities research analysts have issued reports on ERJ shares. Drexel Hamilton reissued a “hold” rating on shares of Embraer SA in a report on Tuesday. Goldman Sachs Group Inc. lowered their price target on shares of Embraer SA from $27.00 to $26.00 and set a “neutral” rating on the stock in a report on Monday, May 2nd. Zacks Investment Research lowered shares of Embraer SA from a “hold” rating to a “sell” rating in a report on Monday, July 4th. Bank of America Corp. raised shares of Embraer SA from a “neutral” rating to a “buy” rating in a report on Thursday, June 16th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada lowered their price target on shares of Embraer SA from $30.00 to $28.00 and set a “sector perform” rating on the stock in a report on Monday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $29.67.

The firm has a 50 day moving average of $21.26 and a 200-day moving average of $24.80. The stock has a market cap of $15.71 billion and a price-to-earnings ratio of 64.02.

Embraer SA (NYSE:ERJ) last announced its quarterly earnings results on Friday, April 29th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.30. During the same period in the prior year, the business earned ($0.34) EPS. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.25 billion. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. On average, equities research analysts expect that Embraer SA will post $2.02 earnings per share for the current year.

A number of large investors have made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Embraer SA by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,202,493 shares of the company’s stock valued at $65,081,000 after buying an additional 5,856 shares in the last quarter. Morgan Stanley increased its stake in shares of Embraer SA by 216.2% in the fourth quarter. Morgan Stanley now owns 493,454 shares of the company’s stock valued at $14,576,000 after buying an additional 337,405 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Embraer SA by 42.0% in the fourth quarter. Bank of Montreal Can now owns 99,687 shares of the company’s stock valued at $2,944,000 after buying an additional 29,474 shares in the last quarter. Sei Investments Co. increased its stake in shares of Embraer SA by 1.0% in the fourth quarter. Sei Investments Co. now owns 56,661 shares of the company’s stock valued at $1,674,000 after buying an additional 580 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in shares of Embraer SA during the fourth quarter valued at about $1,383,000.

Embraer SA (Embraer) produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. The Company’s segments include Commercial aviation business, Defense and security business, Executive Jet business and Other. Its Commercial Aviation business segment mainly involves the development, production and sale of commercial jets, and rendering of support services.

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