Embraer (NYSE:ERJ) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Embraer (NYSE:ERJ - Get Free Report) had its target price increased by stock analysts at The Goldman Sachs Group from $54.00 to $60.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the aerospace company's stock. The Goldman Sachs Group's price objective indicates a potential upside of 25.55% from the company's current price.

ERJ has been the topic of a number of other reports. StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. Finally, UBS Group reaffirmed a "sell" rating and issued a $39.00 target price (up from $35.00) on shares of Embraer in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $48.75.

Embraer Trading Down 0.9%

Shares of Embraer stock traded down $0.42 during mid-day trading on Monday, hitting $47.79. The stock had a trading volume of 720,876 shares, compared to its average volume of 1,578,310. The firm has a 50-day moving average of $46.84 and a two-hundred day moving average of $41.73. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Embraer has a 12-month low of $25.24 and a 12-month high of $56.61. The firm has a market cap of $8.78 billion, a P/E ratio of 17.57 and a beta of 1.67.

Embraer (NYSE:ERJ - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.21 by $0.19. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.17 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The business's revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.48) EPS. Sell-side analysts forecast that Embraer will post 2.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ERJ. JPMorgan Chase & Co. boosted its holdings in shares of Embraer by 654.5% in the first quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company's stock valued at $161,737,000 after acquiring an additional 3,036,797 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Embraer by 215.7% in the first quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company's stock valued at $190,629,000 after acquiring an additional 2,819,306 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Embraer by 17,140.6% in the fourth quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock valued at $45,323,000 after acquiring an additional 1,228,468 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Embraer in the fourth quarter valued at about $42,313,000. Finally, Carrhae Capital LLP boosted its holdings in shares of Embraer by 48.1% in the fourth quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock valued at $97,963,000 after acquiring an additional 866,919 shares in the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

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.

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