Embraer SA (NYSE:ERJ) shares were up 1.8% on Wednesday . The stock traded as high as $17.83 and last traded at $17.78, with a volume of 707,973 shares. The stock had previously closed at $17.47.

Several research analysts have recently weighed in on ERJ shares. HSBC lowered shares of Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a report on Monday, August 1st. Bank of America Corp. upgraded 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. Drexel Hamilton restated a “hold” rating on shares of Embraer SA in a report on Tuesday, July 12th. Goldman Sachs Group Inc. cut their price target 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. Finally, Zacks Investment Research lowered shares of Embraer SA from a “hold” rating to a “sell” rating in a report on Monday, July 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $27.17.

The stock has a market capitalization of $13.01 billion and a P/E ratio of 478.65. The stock’s 50 day moving average is $19.67 and its 200 day moving average is $22.99.

Embraer SA (NYSE:ERJ) last released its earnings results on Friday, July 29th. The company reported ($0.54) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $1.04. The business earned $1.37 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the business posted $0.71 earnings per share. Embraer SA’s quarterly revenue was down 9.7% on a year-over-year basis. On average, analysts forecast that Embraer SA will post $0.98 EPS for the current fiscal year.

A number of institutional investors have added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position 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 period. Morgan Stanley boosted 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 during the period. Finally, US Bancorp DE boosted its position 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 period.

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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