Embraer (NYSE:ERJ) Shares Up 3.8% – Should You Buy?

Embraer S.A. (NYSE:ERJ) rose 3.8% during mid-day trading on Thursday . The stock traded as high as $48.45 and last traded at $47.56. Approximately 595,496 shares were traded during trading, a decline of 62% from the average daily volume of 1,569,830 shares. The stock had previously closed at $45.83.

Analyst Upgrades and Downgrades

ERJ has been the subject of a number of recent analyst reports. Wolfe Research reiterated a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. The Goldman Sachs Group lifted their price target on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, TD Cowen raised Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Embraer has an average rating of “Moderate Buy” and an average target price of $44.50.

Embraer Trading Down 7.8 %

The company has a market cap of $7.65 billion, a price-to-earnings ratio of 15.31 and a beta of 1.36. 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 business’s 50 day moving average price is $46.18 and its 200-day moving average price is $39.87.

Embraer (NYSE:ERJ) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.21 billion. On average, equities analysts anticipate that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ERJ. Jones Financial Companies Lllp acquired a new position in shares of Embraer in the fourth quarter valued at about $28,000. SPX Gestao de Recursos Ltda bought a new position in shares of Embraer during the fourth quarter worth approximately $37,000. Colonial Trust Co SC acquired a new stake in shares of Embraer in the fourth quarter valued at approximately $42,000. Lindbrook Capital LLC boosted its stake in shares of Embraer by 32.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after buying an additional 389 shares during the period. Finally, Venturi Wealth Management LLC acquired a new stake in Embraer during the fourth quarter worth approximately $71,000. Institutional investors 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.