Embraer SA (NYSE:ERJ) traded down 1.2% during trading on Tuesday . The stock traded as low as $17.22 and last traded at $17.28, with a volume of 625,690 shares trading hands. The stock had previously closed at $17.49.

Several equities research analysts recently commented on the company. Royal Bank Of Canada cut their target price on Embraer SA from $30.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Monday, May 2nd. Goldman Sachs Group Inc. cut their target price on Embraer SA from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Monday, May 2nd. Zacks Investment Research downgraded Embraer SA from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. Drexel Hamilton reaffirmed a “hold” rating on shares of Embraer SA in a research note on Tuesday, July 12th. Finally, Deutsche Bank AG dropped their price target on Embraer SA from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, June 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Embraer SA currently has a consensus rating of “Hold” and an average price target of $27.17.

The company has a market capitalization of $12.84 billion and a PE ratio of 472.16. The company has a 50 day moving average of $19.78 and a 200 day moving average of $23.02.

Embraer SA (NYSE:ERJ) last released its quarterly earnings data on Friday, July 29th. The company reported ($0.54) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $1.04. The firm earned $1.37 billion during the quarter, compared to analysts’ expectations of $1.44 billion. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 EPS. On average, analysts predict that Embraer SA will post $0.97 EPS for the current year.

Several hedge funds and institutional investors recently added to or reduced their stakes in ERJ. Morgan Stanley increased its position in 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. 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 valued at $1,312,000 after buying an additional 8,400 shares during the last quarter. Finally, 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 valued at $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.

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