Embraer S.A. (NYSE:ERJ) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Embraer S.A. (NYSE:ERJ - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $50.40.

Several analysts have commented on the stock. The Goldman Sachs Group lifted their target price on shares of Embraer from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer in a research note on Monday, March 24th. HSBC raised shares of Embraer from a "hold" rating to a "buy" rating and lifted their target price for the stock from $45.00 to $57.00 in a research note on Wednesday, June 4th. Wall Street Zen cut shares of Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Finally, Hsbc Global Res raised shares of Embraer from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th.

Embraer Price Performance

Shares of ERJ traded down $1.53 during mid-day trading on Wednesday, reaching $48.26. 2,025,525 shares of the company's stock were exchanged, compared to its average volume of 1,497,760. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The company has a 50-day simple moving average of $46.20 and a two-hundred day simple moving average of $43.60. Embraer has a 52-week low of $25.24 and a 52-week high of $56.61. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 17.74 and a beta of 1.68.

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

Embraer Announces Dividend

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

Hedge Funds Weigh In On Embraer

A number of hedge funds have recently made changes to their positions in ERJ. Brighton Jones LLC acquired a new position in shares of Embraer in the 4th quarter valued at $502,000. Leavell Investment Management Inc. boosted its holdings in shares of Embraer by 14.3% in the 4th quarter. Leavell Investment Management Inc. now owns 9,200 shares of the aerospace company's stock valued at $337,000 after purchasing an additional 1,150 shares during the last quarter. Legato Capital Management LLC boosted its holdings in shares of Embraer by 15.4% in the 4th quarter. Legato Capital Management LLC now owns 65,903 shares of the aerospace company's stock valued at $2,417,000 after purchasing an additional 8,807 shares during the last quarter. Principal Financial Group Inc. boosted 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 valued at $6,514,000 after purchasing an additional 8,938 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of Embraer by 8.1% during the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock valued at $231,000 after acquiring an additional 470 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company's stock.

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.