Embraer SA (ERJ) Receives $27.17 Average PT from Brokerages
Embraer SA (NYSE:ERJ) has received a consensus rating of “Hold” from the twelve analysts that are currently covering the stock. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $26.67.
A number of equities research analysts have weighed in on ERJ shares. Goldman Sachs Group Inc. upgraded Embraer SA from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Wednesday. Zacks Investment Research cut Embraer SA from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. JPMorgan Chase & Co. assumed coverage on Embraer SA in a research note on Thursday, October 6th. They set an “overweight” rating for the company. HSBC cut 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. Finally, Drexel Hamilton restated a “hold” rating on shares of Embraer SA in a research note on Tuesday, July 12th.
Shares of Embraer SA (NYSE:ERJ) opened at 18.41 on Monday. Embraer SA has a 1-year low of $17.06 and a 1-year high of $32.50. The company has a 50-day moving average of $18.24 and a 200-day moving average of $20.74. The firm has a market cap of $13.53 billion, a PE ratio of 497.57 and a beta of 0.83.
Embraer SA (NYSE:ERJ) last issued its quarterly earnings data 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. Embraer SA had a net margin of 0.10% and a return on equity of 3.74%. The firm earned $1.37 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. Embraer SA’s quarterly revenue was down 9.7% compared to the same quarter last year. Analysts predict that Embraer SA will post $0.98 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ERJ. Sarasin & Partners LLP boosted its position in Embraer SA by 16.1% in the third quarter. Sarasin & Partners LLP now owns 821,281 shares of the company’s stock valued at $14,175,000 after buying an additional 113,949 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Embraer SA by 51.1% in the third quarter. BNP Paribas Arbitrage SA now owns 42,278 shares of the company’s stock valued at $730,000 after buying an additional 14,300 shares during the last quarter. Macquarie Group Ltd. acquired a new position in Embraer SA during the second quarter valued at about $113,000. Nomura Holdings Inc. acquired a new position in Embraer SA during the second quarter valued at about $221,000. Finally, Stifel Financial Corp boosted its position in Embraer SA by 3.9% in the second quarter. Stifel Financial Corp now owns 35,075 shares of the company’s stock valued at $763,000 after buying an additional 1,309 shares during the last quarter. Hedge funds and other institutional investors own 51.93% of the company’s stock.
Embraer SA Company Profile
Embraer SA is a Brazil-based company that 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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