The Goldman Sachs Group Increases Embraer (NYSE:ERJ) Price Target to $50.00

Embraer (NYSE:ERJ - Free Report) had its price target increased by The Goldman Sachs Group from $44.00 to $50.00 in a report published on Monday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the aerospace company's stock.

Several other research firms have also recently weighed in on ERJ. UBS Group cut Embraer from a "neutral" rating to a "sell" rating and lifted their price target for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Bank of America boosted their price target on Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. TD Cowen raised shares of Embraer to a "strong-buy" rating in a report on Thursday, December 19th. Finally, StockNews.com upgraded shares of Embraer from a "hold" rating to a "buy" rating in a report on Sunday. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.00.

Embraer Stock Down 1.9 %

ERJ stock traded down $0.98 during midday trading on Monday, hitting $51.90. The company's stock had a trading volume of 3,104,596 shares, compared to its average volume of 1,560,741. The company's fifty day moving average price is $41.12 and its 200 day moving average price is $37.47. Embraer has a twelve month low of $20.74 and a twelve month high of $53.14. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The stock has a market capitalization of $9.53 billion, a P/E ratio of 19.08 and a beta of 1.70.

Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.21 billion. As a group, equities research analysts predict that Embraer will post 2.04 EPS for the current year.

Institutional Investors Weigh In On Embraer

A number of institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. raised its holdings in Embraer by 5.3% during the 4th quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company's stock valued at $6,514,000 after buying an additional 8,938 shares during the last quarter. Ninety One North America Inc. boosted its holdings in shares of Embraer by 14.5% during the 4th quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company's stock valued at $3,098,000 after buying an additional 10,665 shares in the last quarter. Stifel Financial Corp grew its position in shares of Embraer by 33.0% in the 3rd quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company's stock worth $2,661,000 after buying an additional 18,656 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Embraer during the 3rd quarter valued at about $10,611,000. Finally, Thrivent Financial for Lutherans bought a new stake in Embraer during the third quarter worth about $981,000. Hedge funds and other institutional investors own 34.65% of the company's stock.

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.