Analysts Set Embraer S.A. (NYSE:ERJ) Target Price at $29.75

Shares of Embraer S.A. (NYSE:ERJ) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $29.75.

ERJ has been the subject of several recent analyst reports. UBS Group restated a “neutral” rating and issued a $28.50 target price (up from $21.00) on shares of Embraer in a research note on Tuesday, March 26th. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research note on Tuesday, March 26th. HSBC downgraded shares of Embraer from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $18.00 to $19.00 in a research note on Tuesday, February 6th. Morgan Stanley lifted their price objective on shares of Embraer from $19.50 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Finally, The Goldman Sachs Group lifted their price objective on shares of Embraer from $21.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd.

Embraer Stock Up 0.6 %

Shares of ERJ stock opened at $24.31 on Friday. The company’s 50 day moving average is $22.30 and its 200 day moving average is $18.61. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.65 and a quick ratio of 0.93. Embraer has a 52-week low of $12.48 and a 52-week high of $27.25.

Embraer (NYSE:ERJ) last issued its quarterly earnings data on Monday, March 18th. The aerospace company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.15. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2.21 billion. Embraer had a net margin of 3.11% and a return on equity of 2.80%. As a group, analysts predict that Embraer will post 1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP purchased a new position in Embraer in the third quarter valued at $26,000. Eagle Bay Advisors LLC purchased a new position in Embraer in the second quarter valued at $27,000. Advisors Preferred LLC purchased a new position in Embraer in the fourth quarter valued at $28,000. PNC Financial Services Group Inc. purchased a new position in Embraer in the fourth quarter valued at $30,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in shares of Embraer during the fourth quarter worth about $47,000. 34.65% of the stock is currently 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.