ValuEngine upgraded shares of Embraer (NYSE:ERJ) from a buy rating to a strong-buy rating in a report released on Saturday morning.
A number of other equities analysts have also recently commented on ERJ. Credit Suisse Group cut shares of Embraer to a hold rating and set a $25.00 price target for the company. in a research note on Friday, December 22nd. TheStreet raised shares of Embraer from a c+ rating to a b- rating in a research note on Wednesday, January 3rd. Cowen reaffirmed a hold rating and set a $28.00 price target on shares of Embraer in a research note on Monday, January 22nd. Finally, Scotiabank reaffirmed a hold rating and set a $24.00 price target on shares of Embraer in a research note on Friday, March 9th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of Hold and an average target price of $24.43.
Embraer (NYSE ERJ) opened at $26.55 on Friday. Embraer has a 52 week low of $17.58 and a 52 week high of $28.55. The company has a market cap of $4,930.00, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.56 and a beta of 0.17. The company has a quick ratio of 1.76, a current ratio of 2.53 and a debt-to-equity ratio of 0.99.
The company also recently declared a special dividend, which will be paid on Wednesday, April 18th. Investors 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 dividend payout ratio is presently 26.32%.
A number of institutional investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC boosted its position in Embraer by 10.2% in the 4th quarter. Guggenheim Capital LLC now owns 21,897 shares of the aerospace company’s stock valued at $524,000 after buying an additional 2,021 shares during the period. Aperio Group LLC boosted its position in Embraer by 19.4% in the 4th quarter. Aperio Group LLC now owns 28,611 shares of the aerospace company’s stock valued at $685,000 after buying an additional 4,641 shares during the period. Bank of New York Mellon Corp boosted its position in Embraer by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 555,810 shares of the aerospace company’s stock valued at $12,566,000 after buying an additional 6,198 shares during the period. Community Financial Services Group LLC boosted its position in Embraer by 3.2% in the 4th quarter. Community Financial Services Group LLC now owns 254,370 shares of the aerospace company’s stock valued at $6,088,000 after buying an additional 7,855 shares during the period. Finally, KCS Wealth Advisory purchased a new stake in Embraer in the 4th quarter valued at about $219,000. 48.05% of the stock is owned by institutional investors.
Embraer Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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