Embraer SA (NYSE:ERJ) shares dropped 3.3% during 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.

ERJ has been the subject of several analyst reports. Drexel Hamilton reissued a “hold” rating on shares of Embraer SA in a report on Tuesday, July 12th. Goldman Sachs Group Inc. dropped their price objective on shares of Embraer SA from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, May 2nd. Zacks Investment Research downgraded 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 dropped their price objective on shares of Embraer SA from $30.00 to $28.00 and set a “sector perform” rating for the company in a report on Monday, May 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $29.67.

The firm has a 50 day moving average of $21.26 and a 200-day moving average of $24.74. The firm has a market capitalization of $15.71 billion and a price-to-earnings ratio of 63.08.

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

Other hedge funds have made changes to their positions in the company. Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of Embraer SA by 0.3% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 45,640 shares of the company’s stock worth $1,364,000 after buying an additional 125 shares in the last quarter. Sei Investments Co. boosted 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 worth $1,674,000 after buying an additional 580 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Embraer SA by 6.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 37,689 shares of the company’s stock worth $1,113,000 after buying an additional 2,201 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 worth $65,081,000 after buying an additional 5,856 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Embraer SA by 23.3% in the fourth quarter. US Bancorp DE now owns 44,421 shares of the company’s stock worth $1,312,000 after buying an additional 8,400 shares in the last quarter.

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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