Embraer SA (NYSE:ERJ) has received an average recommendation of “Hold” from the twelve research firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $27.40.
ERJ has been the topic of several analyst reports. 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. JPMorgan Chase & Co. initiated coverage on Embraer SA in a research report on Thursday, October 6th. They set an “overweight” rating on the stock. HSBC downgraded Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research report on Monday, August 1st. Finally, Drexel Hamilton reiterated a “hold” rating on shares of Embraer SA in a research report on Tuesday, July 12th.
Several large investors have recently modified their holdings of the company. BlackRock Investment Management LLC purchased a new stake in shares of Embraer SA during the second quarter valued at about $108,000. JFS Wealth Advisors LLC boosted its stake in shares of Embraer SA by 14.4% in the second quarter. JFS Wealth Advisors LLC now owns 4,998 shares of the company’s stock valued at $109,000 after buying an additional 631 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of Embraer SA during the second quarter valued at about $113,000. Commonwealth Bank of Australia boosted its stake in shares of Embraer SA by 6.0% in the second quarter. Commonwealth Bank of Australia now owns 7,019 shares of the company’s stock valued at $152,000 after buying an additional 400 shares during the period. Finally, Advisor Group Inc. purchased a new stake in shares of Embraer SA during the second quarter valued at about $169,000. 51.93% of the stock is currently owned by hedge funds and other institutional investors.
Embraer SA (NYSE:ERJ) opened at 17.17 on Monday. The stock has a market capitalization of $12.62 billion, a PE ratio of 464.05 and a beta of 0.83. The stock has a 50 day moving average price of $18.20 and a 200-day moving average price of $20.81. Embraer SA has a 12-month low of $17.06 and a 12-month high of $32.50.
Embraer SA (NYSE:ERJ) last released its quarterly earnings results on Friday, July 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $1.04. The firm earned $1.37 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Embraer SA had a return on equity of 3.74% and a net margin of 0.10%. The business’s quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter last year, the business earned $0.71 earnings per share. On average, equities analysts anticipate that Embraer SA will post $0.98 earnings per share for the current fiscal year.
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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