Embraer (NYSE:ERJ) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Embraer (NYSE:ERJ) had its target price increased by The Goldman Sachs Group from $44.00 to $50.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Several other equities analysts have also issued reports on the company. StockNews.com raised Embraer from a “hold” rating to a “buy” rating in a research note on Sunday. TD Cowen upgraded Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Bank of America boosted their price objective on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, UBS Group downgraded Embraer from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Embraer Price Performance

Shares of ERJ opened at $52.88 on Monday. Embraer has a 52-week low of $20.74 and a 52-week high of $52.92. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The business’s 50 day moving average price is $41.12 and its two-hundred day moving average price is $37.47. The firm has a market cap of $9.71 billion, a PE ratio of 19.44 and a beta of 1.70.

Embraer (NYSE:ERJ) last issued its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.47. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.21 billion. On average, equities analysts anticipate that Embraer will post 2.04 EPS for the current year.

Institutional Investors Weigh In On Embraer

Several institutional investors have recently bought and sold shares of the stock. Carrhae Capital LLP grew its holdings in Embraer by 48.1% during the fourth quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock worth $97,963,000 after buying an additional 866,919 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its holdings in Embraer by 19.0% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company’s stock worth $89,465,000 after buying an additional 390,094 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Embraer by 8.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company’s stock worth $81,065,000 after buying an additional 176,182 shares in the last quarter. Jennison Associates LLC grew its holdings in Embraer by 102.1% during the third quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock worth $47,100,000 after buying an additional 672,644 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Embraer by 17,140.6% during the fourth quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company’s stock worth $45,323,000 after buying an additional 1,228,468 shares in the last quarter. Institutional investors 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.