Embraer S.A. (NYSE:ERJ) Given Consensus Rating of “Moderate Buy” by Brokerages

Embraer S.A. (NYSE:ERJ) has earned an average rating of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $44.50.

ERJ has been the topic of several analyst reports. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. The Goldman Sachs Group increased their price target on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, Wolfe Research restated a “peer perform” rating on shares of Embraer in a research note on Monday.

Embraer Stock Performance

Shares of NYSE ERJ opened at $47.51 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The firm’s 50-day moving average price is $45.63 and its two-hundred day moving average price is $39.46. Embraer has a 52-week low of $23.42 and a 52-week high of $56.61. The stock has a market capitalization of $8.72 billion, a P/E ratio of 17.47 and a beta of 1.70.

Embraer (NYSE:ERJ) last announced its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.47. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. As a group, sell-side analysts forecast that Embraer will post 2.04 earnings per share for the current year.

Institutional Investors Weigh In On Embraer

A number of institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in Embraer by 17,140.6% in the fourth quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company’s stock worth $45,323,000 after acquiring an additional 1,228,468 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Embraer in the 4th quarter worth $42,313,000. Carrhae Capital LLP raised its holdings in Embraer by 48.1% during the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock worth $97,963,000 after buying an additional 866,919 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Embraer by 959.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company’s stock valued at $30,247,000 after acquiring an additional 746,758 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in Embraer in the 4th quarter worth approximately $25,024,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer Company Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.