Embraer S.A. (NYSE:ERJ) Receives $50.40 Consensus PT from Brokerages

Shares of Embraer S.A. (NYSE:ERJ - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $50.40.

ERJ has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. HSBC upgraded Embraer from a "hold" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $57.00 in a research report on Wednesday, June 4th. Hsbc Global Res upgraded Embraer from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group raised their target price on Embraer from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Embraer in a report on Monday, March 24th.

Embraer Stock Performance

Embraer stock traded up $0.35 during trading hours on Wednesday, reaching $47.74. 833,098 shares of the company were exchanged, compared to its average volume of 1,505,779. Embraer has a 12 month low of $25.24 and a 12 month high of $56.61. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The stock has a 50-day moving average of $45.74 and a 200 day moving average of $43.44. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 17.55 and a beta of 1.68.

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

Embraer Announces Dividend

The business also recently declared a -- dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were paid a $0.049 dividend. The ex-dividend date of this dividend was Friday, May 16th. Embraer's dividend payout ratio is 1.85%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ERJ. Principal Financial Group Inc. grew its holdings in shares of Embraer by 5.3% in the 4th quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company's stock worth $6,514,000 after purchasing an additional 8,938 shares during the last quarter. QRG Capital Management Inc. acquired a new position in Embraer in the fourth quarter valued at about $243,000. Quantinno Capital Management LP bought a new stake in Embraer during the fourth quarter worth about $227,000. Truist Financial Corp increased its holdings in shares of Embraer by 8.1% during the fourth quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock worth $231,000 after buying an additional 470 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Embraer by 132.0% in the fourth quarter. Natixis Advisors LLC now owns 158,496 shares of the aerospace company's stock valued at $5,814,000 after acquiring an additional 90,187 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer Company Profile

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.