Embraer (NYSE:ERJ) Hits New 12-Month High – Still a Buy?

Embraer S.A. (NYSE:ERJ)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $40.86 and last traded at $40.92, with a volume of 278911 shares. The stock had previously closed at $39.38.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ERJ shares. StockNews.com upgraded Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. TD Cowen upgraded Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and upped their target price for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. Finally, Bank of America raised their price target on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Embraer currently has an average rating of “Moderate Buy” and a consensus price target of $37.43.

Embraer Stock Performance

The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The stock’s 50-day moving average price is $37.71 and its 200-day moving average price is $34.63. The company has a market capitalization of $7.58 billion, a P/E ratio of 15.17 and a beta of 1.71.

Embraer (NYSE:ERJ) last posted its earnings results on Friday, November 8th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.92. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. During the same period last year, the business posted $0.18 earnings per share. As a group, equities analysts expect that Embraer S.A. will post 2.06 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. bought a new position in shares of Embraer in the fourth quarter valued at approximately $672,000. Blue Trust Inc. boosted its stake in Embraer by 21.7% during the 4th quarter. Blue Trust Inc. now owns 16,007 shares of the aerospace company’s stock valued at $566,000 after purchasing an additional 2,851 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Embraer during the 4th quarter valued at $384,000. Brighton Jones LLC bought a new stake in shares of Embraer in the 4th quarter worth $502,000. Finally, Yeomans Consulting Group Inc. acquired a new stake in shares of Embraer in the fourth quarter valued at $276,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

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.