Embraer S.A. (NYSE:ERJ) has been assigned a consensus rating of “Hold” from the twelve analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $24.43.
Several equities research analysts recently issued reports on ERJ shares. Cowen reiterated a “hold” rating and issued a $28.00 target price on shares of Embraer in a research note on Thursday, March 8th. TheStreet upgraded shares of Embraer from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Credit Suisse Group reiterated an “outperform” rating and issued a $30.00 target price (up from $25.00) on shares of Embraer in a research note on Friday, March 9th. ValuEngine downgraded shares of Embraer from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Scotiabank reiterated a “hold” rating and issued a $24.00 target price on shares of Embraer in a research note on Friday, March 9th.
Hedge funds have recently modified their holdings of the business. Highbridge Capital Management LLC bought a new position in shares of Embraer during the third quarter worth approximately $213,000. KCS Wealth Advisory bought a new position in shares of Embraer during the fourth quarter worth approximately $219,000. Teacher Retirement System of Texas bought a new position in shares of Embraer during the fourth quarter worth approximately $223,000. 180 Wealth Advisors LLC bought a new position in shares of Embraer during the fourth quarter worth approximately $229,000. Finally, TD Asset Management Inc. bought a new position in shares of Embraer during the third quarter worth approximately $237,000. Hedge funds and other institutional investors own 48.05% of the company’s stock.
Shares of NYSE:ERJ opened at $25.65 on Wednesday. Embraer has a 52-week low of $17.58 and a 52-week high of $28.55. The stock has a market capitalization of $4,710.37, a P/E ratio of 16.88, a PEG ratio of 1.70 and a beta of 0.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.53 and a quick ratio of 1.76.
Embraer (NYSE:ERJ) last issued its earnings results on Thursday, March 8th. The aerospace company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.37). Embraer had a net margin of 4.23% and a return on equity of 6.82%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business posted $1.06 earnings per share. The company’s revenue for the quarter was down 14.5% on a year-over-year basis. sell-side analysts expect that Embraer will post 0.89 EPS for the current year.
The business also recently disclosed a special dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Tuesday, March 20th will be given a dividend of $0.0248 per share. The ex-dividend date of this dividend is Monday, March 19th. Embraer’s dividend payout ratio (DPR) is presently 3.95%.
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Embraer Company Profile
Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Executive Jets, Defense & Security, and Other Related Businesses segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.
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