Cowen and Company upgraded shares of Embraer SA (NYSE:ERJ) from a market perform rating to an outperform rating in a report published on Tuesday morning. They currently have $24.00 target price on the stock.
Other equities research analysts have also recently issued reports about the stock. Drexel Hamilton reiterated a hold rating on shares of Embraer SA in a research report on Tuesday, July 12th. Zacks Investment Research cut shares of Embraer SA from a hold rating to a sell rating in a research report on Monday, July 4th. Goldman Sachs Group Inc. upgraded shares of Embraer SA from a neutral rating to a buy rating and set a $23.00 price objective for the company in a research report on Wednesday, October 12th. HSBC cut shares of Embraer SA from a buy rating to a hold rating and set a $19.00 price objective for the company. in a research report on Monday, August 1st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Embraer SA in a research report on Thursday, October 6th. They set an overweight rating for the company. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Embraer SA has an average rating of Buy and an average price target of $25.14.
Shares of Embraer SA (NYSE:ERJ) opened at 19.62 on Tuesday. Embraer SA has a 52 week low of $17.06 and a 52 week high of $32.50. The firm has a 50-day moving average of $18.35 and a 200 day moving average of $20.56. The firm has a market capitalization of $14.42 billion, a price-to-earnings ratio of 530.27 and a beta of 0.83.
Embraer SA (NYSE:ERJ) last announced its quarterly earnings results 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. Embraer SA had a net margin of 0.10% and a return on equity of 3.74%. The business earned $1.37 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the company posted $0.71 earnings per share. The company’s revenue was down 9.7% compared to the same quarter last year. On average, equities analysts predict that Embraer SA will post $0.98 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ERJ. Sarasin & Partners LLP raised 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 worth $14,175,000 after buying an additional 113,949 shares during the period. BNP Paribas Arbitrage SA raised 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 worth $730,000 after buying an additional 14,300 shares during the period. Macquarie Group Ltd. acquired a new position in Embraer SA during the second quarter worth $113,000. Nomura Holdings Inc. acquired a new position in Embraer SA during the second quarter worth $221,000. Finally, Stifel Financial Corp raised 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 worth $763,000 after buying an additional 1,309 shares during the period. 51.92% of the stock is currently owned by hedge funds and other 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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