Embraer SA (NYSE:ERJ) was upgraded by analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, The Fly reports.
Several other equities analysts have also issued reports on ERJ. Bank of America Corp. raised shares of Embraer SA from a “neutral” rating to a “buy” rating in a report on Thursday, June 16th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Embraer SA from a “hold” rating to a “sell” rating in a report on Monday, July 4th. Drexel Hamilton reissued a “hold” rating on shares of Embraer SA in a report on Tuesday, July 12th. HSBC lowered shares of Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a report on Monday, August 1st. Finally, JPMorgan Chase & Co. started coverage on shares of Embraer SA in a research note on Thursday, October 6th. They issued an “overweight” rating for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $27.17.
Embraer SA (NYSE:ERJ) traded down 1.72% during trading on Wednesday, reaching $17.17. The company had a trading volume of 905,976 shares. Embraer SA has a 12-month low of $17.06 and a 12-month high of $32.50. The stock has a 50 day moving average of $18.21 and a 200-day moving average of $20.84. The stock has a market capitalization of $12.62 billion, a P/E ratio of 464.05 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 (EPS) for the quarter, missing the Thomson Reuters’ 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. Embraer SA had a net margin of 0.10% and a return on equity of 3.74%. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. On average, analysts forecast that Embraer SA will post $0.98 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Investment Management LLC purchased a new position in Embraer SA during the second quarter worth $108,000. JFS Wealth Advisors LLC boosted its position in Embraer SA by 14.4% in the second quarter. JFS Wealth Advisors LLC now owns 4,998 shares of the company’s stock worth $109,000 after buying an additional 631 shares during the last quarter. Macquarie Group Ltd. purchased a new position in Embraer SA during the second quarter worth $113,000. Commonwealth Bank of Australia boosted its position in Embraer SA by 6.0% in the second quarter. Commonwealth Bank of Australia now owns 7,019 shares of the company’s stock worth $152,000 after buying an additional 400 shares during the last quarter. Finally, Advisor Group Inc. purchased a new position in Embraer SA during the second quarter worth $169,000. 51.93% of the stock is owned by institutional investors.
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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