ERJ has been the topic of several other reports. Deutsche Bank AG lowered their price target on shares of Embraer SA from $33.00 to $30.00 and set a buy rating on the stock in a research report on Monday, June 13th. HSBC lowered shares of Embraer SA from a buy rating to a hold rating and set a $19.00 price target on the stock. in a research report on Monday, August 1st. 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. Zacks Investment Research lowered shares of Embraer SA from a hold rating to a sell rating in a research report on Monday, July 4th. 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 issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $27.17.
Shares of Embraer SA (NYSE:ERJ) opened at 17.47 on Thursday. The firm has a market cap of $12.84 billion, a P/E ratio of 472.16 and a beta of 0.83. The company has a 50-day moving average of $18.21 and a 200 day moving average of $20.84. Embraer SA has a 12-month low of $17.13 and a 12-month high of $32.50.
Embraer SA (NYSE:ERJ) last issued its earnings results on Friday, July 29th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $0.50 by $1.04. Embraer SA had a return on equity of 3.74% and a net margin of 0.10%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. Equities research analysts anticipate that Embraer SA will post $0.98 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. Brandes Investment Partners LP increased its position in shares of Embraer SA by 26.6% in the second quarter. Brandes Investment Partners LP now owns 14,709,017 shares of the company’s stock valued at $319,309,000 after buying an additional 3,086,021 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in Embraer SA during the second quarter worth $65,017,000. Allianz Asset Management AG increased its position in Embraer SA by 13,087.6% in the second quarter. Allianz Asset Management AG now owns 2,254,413 shares of the company’s stock worth $48,966,000 after buying an additional 2,237,318 shares in the last quarter. AQR Capital Management LLC bought a new position in Embraer SA during the second quarter worth $23,222,000. Finally, Bank of New York Mellon Corp increased its position in Embraer SA by 733.8% in the second quarter. Bank of New York Mellon Corp now owns 764,137 shares of the company’s stock worth $16,597,000 after buying an additional 672,494 shares in the last quarter. 51.93% of the stock is currently owned by institutional investors and hedge funds.
Embraer SA Company Profile
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.
Receive News & Ratings for Embraer SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embraer SA and related companies with MarketBeat.com's FREE daily email newsletter.