Shares of Embraer SA (NYSE:ERJ) hit a new 52-week low on Friday . The company traded as low as $17.15 and last traded at $17.16, with a volume of 598,893 shares traded. The stock had previously closed at $17.48.

A number of analysts have recently weighed in on the stock. HSBC lowered 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. Drexel Hamilton reissued a “hold” rating on shares of Embraer SA in a research note on Tuesday, July 12th. Zacks Investment Research lowered shares of Embraer SA from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. Bank of America Corp. raised shares of Embraer SA from a “neutral” rating to a “buy” rating in a research note on Thursday, June 16th. They noted that the move was a valuation call. Finally, Deutsche Bank AG cut their target price 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.17.

The firm’s 50-day moving average is $19.47 and its 200-day moving average is $22.87. The company has a market cap of $12.67 billion and a PE ratio of 479.17.

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

Other large investors recently bought and sold shares of the company. 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 valued at $14,576,000 after buying an additional 337,405 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 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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