Embraer (ERJ) PT Lowered to $27.00

Embraer (NYSE:ERJ) had its price target decreased by investment analysts at Credit Suisse Group from $29.00 to $27.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has an “outperform” rating on the aerospace company’s stock. Credit Suisse Group’s target price would indicate a potential upside of 44.77% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. Bank of America reissued a “buy” rating and issued a $37.00 price objective on shares of Embraer in a report on Tuesday, July 24th. Morgan Stanley reissued a “hold” rating on shares of Embraer in a report on Friday, July 6th. Citigroup downgraded shares of Embraer from a “buy” rating to a “neutral” rating in a report on Wednesday, April 25th. TheStreet downgraded shares of Embraer from a “b-” rating to a “c+” rating in a report on Tuesday, June 5th. Finally, ValuEngine downgraded shares of Embraer from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.50.

ERJ opened at $18.65 on Tuesday. The company has a current ratio of 2.38, a quick ratio of 1.53 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $3.46 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 1.77 and a beta of 0.11. Embraer has a 12-month low of $18.29 and a 12-month high of $28.55.

Embraer (NYSE:ERJ) last posted its quarterly earnings data on Tuesday, July 31st. The aerospace company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.13). The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Embraer had a return on equity of 2.78% and a net margin of 0.12%. The business’s quarterly revenue was down 29.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. equities research analysts predict that Embraer will post 0.63 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in ERJ. BlackRock Inc. lifted its holdings in shares of Embraer by 3.0% in the fourth quarter. BlackRock Inc. now owns 708,923 shares of the aerospace company’s stock worth $16,966,000 after buying an additional 20,942 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Embraer by 10.2% in the fourth quarter. Guggenheim Capital LLC now owns 21,897 shares of the aerospace company’s stock worth $524,000 after buying an additional 2,021 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Embraer by 35.1% in the first quarter. Daiwa Securities Group Inc. now owns 83,200 shares of the aerospace company’s stock worth $2,163,000 after purchasing an additional 21,600 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in Embraer by 77.8% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,691 shares of the aerospace company’s stock worth $148,000 after purchasing an additional 2,491 shares during the last quarter. Finally, Sarasin & Partners LLP increased its position in Embraer by 11.5% in the first quarter. Sarasin & Partners LLP now owns 1,628,420 shares of the aerospace company’s stock worth $42,339,000 after purchasing an additional 168,028 shares during the last quarter. 47.71% of the stock is currently owned by hedge funds and other institutional investors.

About Embraer

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, Defense and Security, Executive Jets, 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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Analyst Recommendations for Embraer (NYSE:ERJ)

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