Credit Suisse Group reissued their outperform rating on shares of Embraer (NYSE:ERJ) in a report issued on Friday. They currently have a $30.00 price target on the aerospace company’s stock, up from their prior price target of $25.00.
A number of other research analysts also recently issued reports on the company. ValuEngine raised Embraer from a buy rating to a strong-buy rating in a report on Wednesday, November 22nd. Cowen reissued a hold rating and issued a $28.00 price target on shares of Embraer in a report on Monday, January 22nd. Finally, TheStreet raised Embraer from a c+ rating to a b- rating in a report on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $24.43.
Embraer (NYSE:ERJ) opened at $27.18 on Friday. Embraer has a twelve month low of $17.58 and a twelve month high of $28.55. The stock has a market capitalization of $5,030.00, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 1.56 and a beta of 0.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.53 and a quick ratio of 1.76.
The firm also recently announced a special dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, March 20th will be paid a dividend of $0.0248 per share. The ex-dividend date is Monday, March 19th. Embraer’s payout ratio is 26.32%.
Hedge funds have recently made changes to their positions in the company. Highbridge Capital Management LLC acquired a new position in shares of Embraer during the 3rd quarter worth approximately $213,000. KCS Wealth Advisory acquired a new position in shares of Embraer during the 4th quarter worth approximately $219,000. Teacher Retirement System of Texas acquired a new position in shares of Embraer during the 4th quarter worth approximately $223,000. 180 Wealth Advisors LLC acquired a new position in shares of Embraer during the 4th quarter worth approximately $229,000. Finally, TD Asset Management Inc. acquired a new position in shares of Embraer during the 3rd quarter worth approximately $237,000. 48.05% of the stock is owned by institutional investors and hedge funds.
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Embraer SA (Embraer) is a manufacturer of jets of 70 to 130 seats. The Company produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. Its segments include Commercial aviation business, which involves the development, production and sale of commercial jets, and rendering of support services, particularly in the regional aviation segment and aircraft leases; Executive Jet business, which markets its executive jets to companies, including fractional ownership companies, charter and air-taxi companies, high-net-worth individuals and to flight academies; Defense and Security Business segment, which conceives, designs, develops, manufactures and supports a range of integrated solutions for the defense and security market, and Other Related Businesses segment, which provides fuel systems, structural parts, and mechanical and hydraulic systems to Sikorsky Aircraft Corporation for its production of helicopters.
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