Embraer S.A. (NYSE:ERJ – Get Rating) reached a new 52-week high during mid-day trading on Wednesday after The Goldman Sachs Group raised their price target on the stock from $18.00 to $20.00. The Goldman Sachs Group currently has a buy rating on the stock. Embraer traded as high as $16.61 and last traded at $16.33, with a volume of 203092 shares traded. The stock had previously closed at $16.33.
ERJ has been the subject of a number of other research reports. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research report on Saturday, March 18th. UBS Group assumed coverage on shares of Embraer in a report on Monday, January 9th. They set a “buy” rating and a $14.00 price target on the stock. Bank of America lowered their price target on shares of Embraer from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, March 29th. Citigroup boosted their price target on shares of Embraer from $11.75 to $17.00 and gave the company a “neutral” rating in a report on Thursday, March 23rd. Finally, TheStreet upgraded Embraer from a “d+” rating to a “c-” rating in a report on Wednesday, February 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.25.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Inspirion Wealth Advisors LLC acquired a new position in shares of Embraer during the 1st quarter valued at about $230,000. Diametric Capital LP boosted its holdings in shares of Embraer by 175.0% during the 4th quarter. Diametric Capital LP now owns 112,413 shares of the aerospace company’s stock worth $1,229,000 after buying an additional 71,530 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Embraer by 461.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 6,073 shares of the aerospace company’s stock worth $66,000 after buying an additional 4,991 shares during the period. Callan Family Office LLC bought a new stake in shares of Embraer during the 4th quarter worth $227,000. Finally, CI Private Wealth LLC acquired a new position in shares of Embraer during the 4th quarter worth about $441,000. Institutional investors and hedge funds own 37.89% of the company’s stock.
Embraer Stock Up 0.4 %
Embraer (NYSE:ERJ – Get Rating) last posted its quarterly earnings data on Friday, March 10th. The aerospace company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.06). Embraer had a return on equity of 1.02% and a net margin of 0.78%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.02 billion. As a group, sell-side analysts predict that Embraer S.A. will post 1.12 earnings per share for the current fiscal year.
About Embraer
Embraer SA engages in the design, manufacture, and sale of aircraft and its parts for commercial, defense, and executive aviation sectors. It operates through the following segments: Commercial Aviation, Defense and Security, Executive Jet Business, Service & Support and Others. The Commercial Aviation segment is involved in the development, production, and sale of commercial jets; and the provision of support services to regional aviation and aircraft leasing.
Recommended Stories
- Get a free copy of the StockNews.com research report on Embraer (ERJ)
- Should Cheesecake Factory Stock Be On Your Menu?
- Buffett Reduces Taiwan Semiconductor Stake After This Happened
- Don’t Get Bullish On The S&P 500 Because Of The CPI Report
- Shockwave Medical Gets 10% Jolt, Leads Medical Gear Makers Higher
- Proterra Inc., A Penny Stock To Put On The Watchlist
Receive News & Ratings for Embraer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embraer and related companies with MarketBeat.com's FREE daily email newsletter.
