Shares of Embraer SA (NYSE:ERJ) dropped 1.2% during trading on Tuesday . The company 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.

ERJ has been the subject of a number of research analyst reports. HSBC lowered Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research report on Monday, August 1st. Bank of America Corp. raised Embraer SA from a “neutral” rating to a “buy” rating in a research report on Thursday, June 16th. They noted that the move was a valuation call. Drexel Hamilton reaffirmed a “hold” rating on shares of Embraer SA in a research report on Tuesday, July 12th. Goldman Sachs Group Inc. decreased their target price on Embraer SA from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday, May 2nd. Finally, Zacks Investment Research lowered Embraer SA from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $27.17.

The stock’s 50-day moving average is $19.67 and its 200-day moving average is $22.99. The firm has a market capitalization of $12.90 billion and a P/E ratio of 487.78.

Embraer SA (NYSE:ERJ) last posted its earnings results on Friday, July 29th. The company reported ($0.54) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $1.04. The firm 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 company posted $0.71 EPS. The company’s revenue for the quarter 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.

Other hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised 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 in the last quarter. Morgan Stanley raised 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 in the last quarter. Finally, US Bancorp DE raised 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 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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