UBS Group Increases Embraer (NYSE:ERJ) Price Target to $29.00

Embraer (NYSE:ERJ) had its price objective increased by investment analysts at UBS Group from $28.50 to $29.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the aerospace company’s stock. UBS Group’s price objective would indicate a potential upside of 7.73% from the stock’s current price.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Embraer from $21.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. StockNews.com raised Embraer from a “hold” rating to a “buy” rating in a report on Saturday, June 29th. The Goldman Sachs Group lifted their target price on Embraer from $21.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Finally, Morgan Stanley increased their price target on Embraer from $19.50 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Embraer currently has an average rating of “Moderate Buy” and a consensus target price of $29.83.

Embraer Stock Up 3.9 %

NYSE:ERJ opened at $26.92 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 0.83. The stock has a 50 day moving average of $27.82 and a 200-day moving average of $23.23. Embraer has a 52 week low of $12.48 and a 52 week high of $31.12.

Embraer (NYSE:ERJ) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The firm had revenue of $896.60 million during the quarter, compared to the consensus estimate of $883.92 million. Embraer had a return on equity of 5.35% and a net margin of 4.84%. Sell-side analysts expect that Embraer will post 1.48 EPS for the current year.

Hedge Funds Weigh In On Embraer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Embraer by 74.9% in the third quarter. Envestnet Asset Management Inc. now owns 298,070 shares of the aerospace company’s stock valued at $4,090,000 after buying an additional 127,675 shares during the period. Hsbc Holdings PLC boosted its position in shares of Embraer by 13.1% during the 3rd quarter. Hsbc Holdings PLC now owns 15,982 shares of the aerospace company’s stock valued at $219,000 after purchasing an additional 1,850 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Embraer by 29.5% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 25,991 shares of the aerospace company’s stock worth $357,000 after purchasing an additional 5,921 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of Embraer in the 3rd quarter worth approximately $259,000. Finally, Ramirez Asset Management Inc. acquired a new stake in Embraer during the third quarter valued at approximately $4,137,000. 34.65% of the stock is owned by institutional investors.

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.