Brokerages Set Embraer S.A. (NYSE:ERJ) PT at $29.83

Shares of Embraer S.A. (NYSE:ERJ) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $29.83.

A number of brokerages recently commented on ERJ. 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 lowered shares of Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd.

Embraer Stock Up 1.8 %

Shares of Embraer stock opened at $29.30 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.71 and a current ratio of 1.51. The stock’s 50-day simple moving average is $28.38 and its 200-day simple moving average is $24.46. Embraer has a 52 week low of $12.48 and a 52 week high of $31.27.

Embraer (NYSE:ERJ) last posted its quarterly earnings results 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 company had revenue of $896.60 million for the quarter, compared to analysts’ expectations of $883.92 million. Embraer had a return on equity of 5.35% and a net margin of 4.84%. As a group, research analysts predict that Embraer will post 1.3 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Embraer by 8.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 797,646 shares of the aerospace company’s stock valued at $21,249,000 after acquiring an additional 59,084 shares during the period. Simplicity Wealth LLC purchased a new stake in Embraer in the 1st quarter worth about $18,158,000. Perpetual Ltd lifted its stake in Embraer by 88.4% in the first quarter. Perpetual Ltd now owns 623,645 shares of the aerospace company’s stock worth $16,614,000 after purchasing an additional 292,630 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Embraer by 2.2% during the fourth quarter. Wells Fargo & Company MN now owns 465,345 shares of the aerospace company’s stock valued at $8,586,000 after buying an additional 9,809 shares during the period. Finally, TimesSquare Capital Management LLC purchased a new position in shares of Embraer during the first quarter valued at approximately $10,754,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

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.