Shares of Embraer SA (NYSE:ERJ) hit a new 52-week low during mid-day trading 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 recently issued reports on ERJ shares. Zacks Investment Research downgraded Embraer SA from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. Bank of America Corp. upgraded 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. HSBC downgraded Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research report on Monday, August 1st. Deutsche Bank AG lowered their price target on Embraer SA from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, June 13th. Finally, Drexel Hamilton reiterated a “hold” rating on shares of Embraer SA in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $27.17.

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

Embraer SA (NYSE:ERJ) last issued its quarterly earnings results 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 company earned $1.37 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the firm earned $0.71 EPS. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. Equities research analysts forecast that Embraer SA will post $0.98 EPS for the current year.

A hedge fund recently raised its stake in Embraer SA stock. Morgan Stanley boosted its stake in Embraer SA (NYSE:ERJ) by 216.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 493,454 shares of the company’s stock after buying an additional 337,405 shares during the period. Morgan Stanley owned about 0.07% of Embraer SA worth $14,576,000 as of its most recent SEC filing.

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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