Embraer (NYSE:ERJ)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse Group in a note issued to investors on Tuesday, December 26th.
Several other equities research analysts also recently issued reports on ERJ. Cowen reissued a “hold” rating and issued a $22.00 price objective on shares of Embraer in a research note on Monday, October 30th. JPMorgan Chase & Co. lowered Embraer from an “overweight” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research report on Tuesday, October 31st. Santander lowered Embraer from a “hold” rating to an “underperform” rating in a research report on Monday, October 30th. Scotiabank lowered Embraer from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, October 17th. Finally, Bank of America set a $27.00 price objective on Embraer and gave the company a “buy” rating in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $22.67.
Shares of Embraer (NYSE:ERJ) opened at $25.35 on Tuesday. Embraer has a fifty-two week low of $17.58 and a fifty-two week high of $27.45. The company has a market capitalization of $4,670.00, a price-to-earnings ratio of 11.32, a PEG ratio of 1.60 and a beta of 0.32. The company has a current ratio of 2.67, a quick ratio of 1.73 and a debt-to-equity ratio of 1.05.
Embraer (NYSE:ERJ) last announced its quarterly earnings data on Friday, October 27th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.11. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.34 billion. Embraer had a return on equity of 10.65% and a net margin of 6.63%. sell-side analysts anticipate that Embraer will post 1.81 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thompson Siegel & Walmsley LLC bought a new stake in shares of Embraer in the 3rd quarter worth approximately $49,590,000. Brandes Investment Partners LP lifted its position in shares of Embraer by 6.6% in the 2nd quarter. Brandes Investment Partners LP now owns 19,847,728 shares of the aerospace company’s stock worth $361,824,000 after acquiring an additional 1,227,021 shares during the period. Franklin Resources Inc. lifted its position in shares of Embraer by 45.0% in the 2nd quarter. Franklin Resources Inc. now owns 2,844,323 shares of the aerospace company’s stock worth $51,852,000 after acquiring an additional 883,361 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Embraer by 10.1% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,170,429 shares of the aerospace company’s stock worth $148,947,000 after acquiring an additional 747,735 shares during the period. Finally, Holowesko Partners Ltd. lifted its position in shares of Embraer by 20.9% in the 2nd quarter. Holowesko Partners Ltd. now owns 3,843,250 shares of the aerospace company’s stock worth $70,062,000 after acquiring an additional 665,000 shares during the period. 50.09% of the stock is currently owned by hedge funds and other institutional investors.
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