Embraer (NYSE:ERJ)‘s stock had its “outperform” rating restated by equities research analysts at Credit Suisse Group in a research note issued on Friday, March 9th. They presently have a $30.00 price objective on the aerospace company’s stock, up from their prior price objective of $25.00. Credit Suisse Group’s target price would suggest a potential upside of 17.14% from the company’s previous close.
Several other analysts also recently commented on ERJ. Cowen reaffirmed a “hold” rating and set a $28.00 price objective on shares of Embraer in a research note on Thursday, March 8th. ValuEngine downgraded Embraer from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, TheStreet downgraded Embraer from a “b-” rating to a “c” rating in a research report on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $24.43.
NYSE ERJ traded down $0.39 during trading hours on Friday, reaching $25.61. 492,423 shares of the company’s stock were exchanged, compared to its average volume of 1,321,637. The firm has a market cap of $4,774.64, a PE ratio of 16.85, a price-to-earnings-growth ratio of 1.72 and a beta of 0.15. Embraer has a one year low of $17.58 and a one year high of $28.55. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.53 and a quick ratio of 1.76.
Embraer (NYSE:ERJ) last announced its quarterly earnings data on Thursday, March 8th. The aerospace company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.37). The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. Embraer had a net margin of 4.23% and a return on equity of 6.82%. The firm’s quarterly revenue was down 14.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.06 earnings per share. equities analysts expect that Embraer will post 0.89 earnings per share for the current year.
Large investors have recently modified their holdings of the company. Community Financial Services Group LLC boosted its holdings in shares of Embraer by 3.2% during the fourth quarter. Community Financial Services Group LLC now owns 254,370 shares of the aerospace company’s stock worth $6,088,000 after acquiring an additional 7,855 shares during the period. Russell Investments Group Ltd. raised its position in shares of Embraer by 2.4% in the third quarter. Russell Investments Group Ltd. now owns 2,367,438 shares of the aerospace company’s stock valued at $53,524,000 after buying an additional 55,637 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Embraer by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 540,591 shares of the aerospace company’s stock valued at $12,255,000 after buying an additional 56,937 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Embraer by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 555,810 shares of the aerospace company’s stock valued at $12,566,000 after buying an additional 6,198 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Embraer by 9.5% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,115,296 shares of the aerospace company’s stock valued at $138,267,000 after buying an additional 531,605 shares in the last quarter. Institutional investors own 48.05% of the company’s stock.
Embraer Company Profile
Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Executive Jets, Defense & Security, and Other Related Businesses segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.
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