Embraer (NYSE:ERJ) Sets New 1-Year High at $35.32

Embraer S.A. (NYSE:ERJ) reached a new 52-week high during trading on Thursday . The stock traded as high as $35.32 and last traded at $35.31, with a volume of 35514 shares. The stock had previously closed at $34.79.

Wall Street Analyst Weigh In

ERJ has been the topic of a number of recent analyst reports. TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and increased their price objective for the company from $26.00 to $41.00 in a research report on Wednesday. Bank of America increased their target price on Embraer from $28.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. UBS Group lifted their price target on Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Finally, StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.50.

Embraer Stock Down 5.6 %

The company has a market capitalization of $6.21 billion, a PE ratio of 23.49 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. The firm has a 50 day simple moving average of $30.43 and a two-hundred day simple moving average of $27.30.

Embraer (NYSE:ERJ) last issued its earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.20. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS. Research analysts expect that Embraer S.A. will post 1.37 EPS for the current year.

Institutional Investors Weigh In On Embraer

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pinnacle Associates Ltd. grew its stake in shares of Embraer by 0.6% during the 2nd quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock worth $1,637,000 after purchasing an additional 385 shares during the period. Commonwealth Equity Services LLC grew its position in Embraer by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock worth $573,000 after buying an additional 390 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Embraer by 25.0% in the second 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 in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of Embraer by 6.5% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 10,724 shares of the aerospace company’s stock valued at $277,000 after acquiring an additional 652 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Embraer by 6.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 17,525 shares of the aerospace company’s stock worth $323,000 after acquiring an additional 1,070 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

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.