Brokerages Set Embraer S.A. (NYSE:ERJ) PT at $29.75

Embraer S.A. (NYSE:ERJ) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $29.75.

ERJ has been the subject of several recent research reports. StockNews.com upgraded Embraer from a “hold” rating to a “buy” rating in a research note on Saturday. The Goldman Sachs Group raised their price target on shares of Embraer from $21.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Embraer from $21.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. UBS Group reaffirmed a “neutral” rating and set a $28.50 target price (up from $21.00) on shares of Embraer in a report on Tuesday, March 26th. Finally, Morgan Stanley boosted their price target on Embraer from $19.50 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th.

Hedge Funds Weigh In On Embraer

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisors Preferred LLC bought a new position in Embraer in the fourth quarter valued at about $28,000. PNC Financial Services Group Inc. bought a new position in Embraer in the 4th quarter valued at approximately $30,000. Bruce G. Allen Investments LLC acquired a new stake in Embraer in the fourth quarter valued at approximately $47,000. Blue Trust Inc. grew its stake in shares of Embraer by 189.6% during the fourth quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock worth $47,000 after buying an additional 1,678 shares during the last quarter. Finally, Montag A & Associates Inc. lifted its stake in shares of Embraer by 221.7% in the 1st quarter. Montag A & Associates Inc. now owns 2,628 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 1,811 shares during the last quarter. Institutional investors own 34.65% of the company’s stock.

Embraer Stock Performance

Shares of Embraer stock opened at $25.90 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.83. Embraer has a 12-month low of $12.48 and a 12-month high of $31.12. The business’s 50 day moving average is $27.74 and its 200-day moving average is $23.18.

Embraer (NYSE:ERJ) last issued its earnings results on Tuesday, May 7th. The aerospace company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. Embraer had a net margin of 4.84% and a return on equity of 5.35%. The company had revenue of $896.60 million for the quarter, compared to analysts’ expectations of $883.92 million. On average, equities research analysts predict that Embraer will post 1.48 earnings per share for the current year.

About Embraer

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.