Brokerages Set Embraer SA (ERJ) Target Price at $24.67
Embraer SA (NYSE:ERJ) has received a consensus recommendation of “Buy” from the twelve analysts that are currently covering the stock. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $24.67.
ERJ has been the topic of several analyst reports. Cowen and Company raised shares of Embraer SA from a “market perform” rating to an “outperform” rating and set a $24.00 target price on the stock in a research report on Tuesday, October 18th. Drexel Hamilton raised shares of Embraer SA from a “hold” rating to a “buy” rating in a research report on Tuesday, November 1st. Scotiabank raised shares of Embraer SA from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 14th. Goldman Sachs Group Inc. raised shares of Embraer SA from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday, October 12th. Finally, Zacks Investment Research raised shares of Embraer SA from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Thursday, October 27th.
Several large investors have recently added to or reduced their stakes in the stock. Brandes Investment Partners LP boosted its stake in Embraer SA by 27.8% in the third quarter. Brandes Investment Partners LP now owns 18,796,242 shares of the company’s stock valued at $324,423,000 after buying an additional 4,087,225 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in Embraer SA during the second quarter valued at $65,017,000. Allianz Asset Management AG boosted its stake in Embraer SA by 13,087.6% in the second quarter. Allianz Asset Management AG now owns 2,254,413 shares of the company’s stock valued at $48,966,000 after buying an additional 2,237,318 shares during the last quarter. Holowesko Partners Ltd. bought a new stake in Embraer SA during the third quarter valued at $33,743,000. Finally, AQR Capital Management LLC bought a new stake in Embraer SA during the second quarter valued at $23,222,000. Institutional investors and hedge funds own 51.41% of the company’s stock.
Shares of Embraer SA (NYSE:ERJ) opened at 20.75 on Monday. Embraer SA has a 52 week low of $17.06 and a 52 week high of $32.50. The firm has a market cap of $15.24 billion, a PE ratio of 142.12 and a beta of 0.65. The firm’s 50-day moving average price is $19.72 and its 200 day moving average price is $20.05.
Embraer SA (NYSE:ERJ) last posted its quarterly earnings results on Monday, October 31st. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.16. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.47 billion. Embraer SA had a net margin of 1.31% and a return on equity of 3.93%. Embraer SA’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.60) earnings per share. Equities analysts anticipate that Embraer SA will post $1.04 EPS for the current year.
About Embraer SA
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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