Embraer S.A. (NYSE:ERJ) Short Interest Up 42.5% in September

Embraer S.A. (NYSE:ERJ) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 4,460,000 shares, a growth of 42.5% from the August 31st total of 3,130,000 shares. Based on an average trading volume of 1,690,000 shares, the short-interest ratio is presently 2.6 days. Currently, 2.4% of the shares of the stock are short sold.

Embraer Trading Down 3.3 %

NYSE:ERJ traded down $1.21 during trading hours on Friday, hitting $35.72. 1,579,175 shares of the company were exchanged, compared to its average volume of 1,675,978. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 24.81 and a beta of 1.69. The company has a current ratio of 1.50, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81. Embraer has a one year low of $12.48 and a one year high of $37.30. The company has a fifty day simple moving average of $32.61 and a 200 day simple moving average of $28.98.

Embraer (NYSE:ERJ) last posted its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.20. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company posted $0.32 EPS. The business’s quarterly revenue was up 15.6% on a year-over-year basis. Sell-side analysts expect that Embraer will post 1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. bought a new position in shares of Embraer in the 4th quarter worth about $30,000. Sunbelt Securities Inc. acquired a new stake in shares of Embraer in the 2nd quarter valued at about $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Embraer in the 2nd quarter valued at about $44,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Embraer in the 2nd quarter valued at about $55,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after buying an additional 456 shares during the period. 34.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group increased their price target on Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Bank of America reiterated a “buy” rating and issued a $40.00 price target on shares of Embraer in a research note on Tuesday, September 17th. Finally, TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and increased their price target for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Embraer presently has a consensus rating of “Moderate Buy” and an average price target of $32.50.

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.