Shares of Embraer SA (NYSE:ERJ) were up 2.9% during trading on Friday . The company traded as high as $21.31 and last traded at $21.30, with a volume of 603,762 shares traded. The stock had previously closed at $20.70.

A number of analysts recently commented on ERJ shares. Zacks Investment Research cut shares of Embraer SA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 19th. Royal Bank Of Canada lowered their target price on shares of Embraer SA from $30.00 to $28.00 and set a “sector perform” rating for the company in a research note on Monday, May 2nd. Goldman Sachs Group Inc. lowered their target price on shares of Embraer SA from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, May 2nd. Deutsche Bank AG lowered their target price on shares of Embraer SA from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, June 13th. Finally, Bank of America Corp. upgraded shares of Embraer SA from a “neutral” rating to a “buy” rating in a research note on Thursday, June 16th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $29.67.

The firm’s 50-day moving average is $21.26 and its 200-day moving average is $24.47. The stock has a market capitalization of $15.70 billion and a PE ratio of 61.74.

Embraer SA (NYSE:ERJ) last released its earnings results on Friday, April 29th. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.30. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous 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, equities research analysts anticipate that Embraer SA will post $2.01 earnings per share for the current year.

Other hedge funds have recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D raised its stake in 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 during the last quarter. US Bancorp DE raised its position 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 valued at $1,312,000 after buying an additional 8,400 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised its position 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 valued at $1,364,000 after buying an additional 125 shares in the last quarter. New York State Common Retirement Fund bought a new position in shares of Embraer SA during the fourth quarter valued at approximately $1,383,000. Finally, Sei Investments Co. raised its position 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.

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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