Embraer SA (ERJ) Stock Price Up 1.8%
Embraer SA (NYSE:ERJ) shares rose 1.8% on Wednesday . The company traded as high as $17.83 and last traded at $17.78, with a volume of 707,973 shares traded. The stock had previously closed at $17.47.
ERJ has been the subject of a number of analyst reports. Bank of America Corp. upgraded shares of 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. Deutsche Bank AG decreased their price objective on shares of Embraer SA from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, June 13th. HSBC downgraded shares of Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research report on Monday, August 1st. Drexel Hamilton reissued a “hold” rating on shares of Embraer SA in a research note on Tuesday, July 12th. Finally, Goldman Sachs Group Inc. cut their target price on shares of Embraer SA from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $27.17.
The stock’s 50 day moving average is $19.57 and its 200 day moving average is $22.95. The firm has a market capitalization of $12.97 billion and a P/E ratio of 490.28.
Embraer SA (NYSE:ERJ) last released its earnings results on Friday, July 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $1.04. During the same period last year, the firm posted $0.71 EPS. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.44 billion. The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. Equities analysts expect that Embraer SA will post $0.98 earnings per share for the current year.
Other large investors recently added to or reduced their stakes in the company. US Bancorp DE increased 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 during the last quarter. Morgan Stanley boosted 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 period. Finally, Dimensional Fund Advisors LP boosted 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 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.
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.