Embraer SA (ERJ) Coverage Initiated by Analysts at JPMorgan Chase & Co.
Equities research analysts at JPMorgan Chase & Co. started coverage on shares of Embraer SA (NYSE:ERJ) in a research note issued on Thursday. The brokerage set an “overweight” rating on the stock.
A number of other equities research analysts have also issued reports on the stock. HSBC lowered shares of Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a report on Monday, August 1st. Bank of America Corp. raised shares of Embraer SA from a “neutral” rating to a “buy” rating in a research report on Thursday, June 16th. They noted that the move was a valuation call. Drexel Hamilton reissued a “hold” rating on shares of Embraer SA in a research report on Tuesday, July 12th. Zacks Investment Research cut shares of Embraer SA from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. Finally, Deutsche Bank AG lowered their price target on shares of Embraer SA from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, June 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $27.17.
Embraer SA (NYSE:ERJ) opened at 17.88 on Thursday. Embraer SA has a 52-week low of $17.13 and a 52-week high of $32.50. The firm’s 50-day moving average is $18.23 and its 200-day moving average is $21.06. The stock has a market cap of $13.14 billion, a P/E ratio of 496.67 and a beta of 0.83.
Embraer SA (NYSE:ERJ) last released its earnings results on Friday, July 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $1.04. Embraer SA had a return on equity of 3.74% and a net margin of 0.10%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the company earned $0.71 EPS. Embraer SA’s quarterly revenue was down 9.7% compared to the same quarter last year. Equities research analysts predict that Embraer SA will post $1.04 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Fund Management S.A. boosted its stake in shares of Embraer SA by 854.1% in the second quarter. Capital Fund Management S.A. now owns 293,147 shares of the company’s stock valued at $6,367,000 after buying an additional 262,423 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of Embraer SA by 14.4% in the second quarter. JFS Wealth Advisors LLC now owns 4,998 shares of the company’s stock valued at $109,000 after buying an additional 631 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Embraer SA during the second quarter valued at about $5,791,000. Telemus Capital LLC boosted its stake in shares of Embraer SA by 17.5% in the second quarter. Telemus Capital LLC now owns 9,332 shares of the company’s stock valued at $203,000 after buying an additional 1,388 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Embraer SA by 181.2% in the second quarter. BNP Paribas Arbitrage SA now owns 27,978 shares of the company’s stock valued at $608,000 after buying an additional 18,027 shares in the last quarter. 51.93% of the stock is currently owned by institutional investors.
Embraer SA Company Profile
Embraer SA (Embraer) produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. The Company’s segments include Commercial aviation business, Defense and security business, Executive Jet business and Other. Its Commercial Aviation business segment mainly involves the development, production and sale of commercial jets, and rendering of support services.
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