Embraer SA (NYSE:ERJ) shares fell 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 research firms recently weighed in on ERJ. Goldman Sachs Group Inc. dropped their price target on Embraer SA from $27.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, May 2nd. Drexel Hamilton reissued a “hold” rating on shares of Embraer SA in a report on Tuesday, July 12th. Royal Bank Of Canada decreased their price objective on Embraer SA from $30.00 to $28.00 and set a “sector perform” rating for the company in a report on Monday, May 2nd. Deutsche Bank AG decreased their price objective on Embraer SA from $33.00 to $30.00 and set a “buy” rating for the company in a report on Monday, June 13th. Finally, HSBC lowered Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Embraer SA presently has a consensus rating of “Hold” and a consensus price target of $27.17.

The firm has a market capitalization of $13.20 billion and a P/E ratio of 472.89. The stock’s 50-day moving average is $20.07 and its 200-day moving average is $23.32.

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

A number of institutional investors have recently made changes to their positions in ERJ. Morgan Stanley raised its position in shares of 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. Bank of Montreal Can raised its position 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 worth $2,944,000 after buying an additional 29,474 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 worth $1,312,000 after buying an additional 8,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position 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 during 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.