Embraer SA (NYSE:ERJ) was upgraded by investment analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a report issued on Friday, The Fly reports.
Several other analysts have also recently weighed in on ERJ. Zacks Investment Research cut shares of Embraer SA from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. Drexel Hamilton reissued a “hold” rating on shares of Embraer SA in a report on Tuesday, July 12th. 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. HSBC lowered shares of Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a report on Monday, August 1st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Embraer SA in a report on Thursday, October 6th. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Embraer SA currently has a consensus rating of “Hold” and a consensus price target of $26.67.
Shares of Embraer SA (NYSE:ERJ) traded up 2.61% during mid-day trading on Friday, reaching $18.45. 971,125 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $18.21 and a 200-day moving average price of $20.79. The stock has a market cap of $13.56 billion, a PE ratio of 498.65 and a beta of 0.83. Embraer SA has a 12 month low of $17.06 and a 12 month high of $32.50.
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 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 business earned $1.37 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm earned $0.71 EPS. Embraer SA’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, analysts predict that Embraer SA will post $0.98 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. BlackRock Investment Management LLC bought a new stake in shares of Embraer SA during the second quarter valued at about $108,000. JFS Wealth Advisors LLC raised 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. bought a new stake in shares of Embraer SA during the second quarter valued at about $113,000. Commonwealth Bank of Australia raised 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. bought 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 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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