Embraer SA (ERJ) Lifted to “Outperform” at Cowen and Company
Embraer SA (NYSE:ERJ) was upgraded by investment analysts at Cowen and Company from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday.
Other analysts have also issued reports about the stock. Goldman Sachs Group Inc. raised shares of Embraer SA from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Wednesday, October 12th. HSBC lowered shares of Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research report on Monday, August 1st. Drexel Hamilton reaffirmed a “hold” rating on shares of Embraer SA in a research report on Tuesday, July 12th. Scotiabank raised shares of Embraer SA from a “sector perform” rating to an “outperform” rating in a research report on Friday. Finally, JPMorgan Chase & Co. initiated coverage on shares of Embraer SA in a research report on Thursday, October 6th. They set an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $26.67.
Shares of Embraer SA (NYSE:ERJ) opened at 18.87 on Tuesday. Embraer SA has a 12-month low of $17.06 and a 12-month high of $32.50. The company has a 50-day moving average of $18.29 and a 200 day moving average of $20.60. The firm has a market capitalization of $13.86 billion, a PE ratio of 510.00 and a beta of 0.83.
Embraer SA (NYSE:ERJ) last posted its quarterly earnings results on Friday, July 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $1.04. The company earned $1.37 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Embraer SA had a return on equity of 3.74% and a net margin of 0.10%. Embraer SA’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. On average, analysts predict that Embraer SA will post $0.98 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. BlackRock Investment Management LLC bought a new stake in shares of Embraer SA during the second quarter valued at about $108,000. JFS Wealth Advisors LLC increased 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 during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Embraer SA during the second quarter valued at about $113,000. Commonwealth Bank of Australia increased its stake in shares of Embraer SA by 6.0% in the second quarter. Commonwealth Bank of Australia now owns 7,019 shares of the company’s stock valued at $152,000 after buying an additional 400 shares during the last quarter. Finally, Advisor Group Inc. bought a new stake in shares of Embraer SA during the second quarter valued at about $169,000. Institutional investors own 51.92% of the company’s stock.
Embraer SA Company Profile
Embraer SA is a Brazil-based company that 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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