Shares of Embraer SA (NYSE:ERJ) traded down 3.3% on Wednesday . The company traded as low as $18.11 and last traded at $18.20, with a volume of 457,454 shares. The stock had previously closed at $18.82.

A number of analysts recently weighed in on the stock. Goldman Sachs Group Inc. decreased their target price 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. Drexel Hamilton reissued a “hold” rating on shares of Embraer SA in a research note on Tuesday, July 12th. Royal Bank Of Canada cut their price target 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. Deutsche Bank AG cut their price target 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, HSBC cut shares of Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $27.17.

The firm has a market capitalization of $13.49 billion and a P/E ratio of 483.16. The stock’s 50 day moving average price is $20.25 and its 200 day moving average price is $23.40.

Embraer SA (NYSE:ERJ) last posted its quarterly earnings data on Friday, July 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $1.04. During the same quarter last year, the firm posted $0.71 earnings per share. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.44 billion. The company’s revenue was down 9.7% compared to the same quarter last year. Equities analysts forecast that Embraer SA will post $0.98 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in ERJ. Dimensional Fund Advisors LP boosted its stake in 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 during the last quarter. US Bancorp DE boosted its stake in 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 during the last quarter. Bank of Montreal Can boosted its stake in Embraer SA by 42.0% in the fourth quarter. Bank of Montreal Can now owns 99,687 shares of the company’s stock worth $2,944,000 after buying an additional 29,474 shares during the last quarter. Morgan Stanley boosted its stake in Embraer SA by 216.2% in the fourth quarter. Morgan Stanley now owns 493,454 shares of the company’s stock worth $14,576,000 after buying an additional 337,405 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in Embraer SA during the fourth quarter worth approximately $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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