Embraer (NYSE:ERJ) Sets New 12-Month High – What’s Next?

Embraer S.A. (NYSE:ERJ)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $53.40 and last traded at $52.56, with a volume of 996175 shares. The stock had previously closed at $51.00.

Analyst Upgrades and Downgrades

ERJ has been the subject of a number of research reports. UBS Group cut Embraer from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a report on Monday, March 10th. TD Cowen upgraded Embraer to a “strong-buy” rating in a report on Thursday, December 19th. The Goldman Sachs Group boosted their target price on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, Bank of America boosted their target price on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.60.

Embraer Stock Up 2.8 %

The firm has a 50-day moving average of $43.14 and a 200 day moving average of $38.36. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 19.27 and a beta of 1.70. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping 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, sell-side analysts anticipate that Embraer S.A. will post 2.04 earnings per share for the current year.

Hedge Funds Weigh In On Embraer

A number of institutional investors have recently made changes to their positions in the business. Employees Retirement System of Texas raised its position in shares of Embraer by 9.5% in the 4th quarter. Employees Retirement System of Texas now owns 37,900 shares of the aerospace company’s stock valued at $1,390,000 after purchasing an additional 3,300 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Embraer in the 4th quarter valued at approximately $5,042,000. Ulysses Management LLC acquired a new position in shares of Embraer in the 4th quarter valued at approximately $2,017,000. Two Sigma Investments LP raised its position in shares of Embraer by 27.4% in the 4th quarter. Two Sigma Investments LP now owns 506,051 shares of the aerospace company’s stock valued at $18,562,000 after purchasing an additional 108,740 shares in the last quarter. Finally, Shay Capital LLC raised its position in shares of Embraer by 53.4% in the 4th quarter. Shay Capital LLC now owns 13,040 shares of the aerospace company’s stock valued at $478,000 after purchasing an additional 4,540 shares in the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

About Embraer

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.