1 day Ago By ABMN Staff
Embraer ( NYSE:ERJ – Get Free Report ) ‘s stock had its “buy” rating reaffirmed by Bank of America in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $40.00 price objective on the aerospace company’s stock.
Bank of America ‘s price objective points to a potential upside of 14.93% from the stock’s previous close. ERJ has been the topic of a number of other research reports.
UBS Group upped their price target on shares of Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd.
TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and upped their price target for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th.
Finally, StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock.
Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.50. Read Our Latest Stock Report on Embraer Embraer Stock Down 0.
9 % Embraer ( NYSE:ERJ – Get Free Report ) last announced its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.
24 by $0.20. Embraer had a net margin of 6.
76% and a return on equity of 5.94%. The business had revenue of $1.
49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business earned $0.
32 EPS. Embraer’s quarterly revenue was up 15.6% on a year-over-year basis.
On average, analysts forecast that Embraer will post 1.49 earnings per share for the current year. Institutional Trading of Embraer A number of institutional investors have recently bought and sold shares of the business.
Driehaus Capital Management LLC lifted its holdings in shares of Embraer by 102.5% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock worth $37,141,000 after acquiring an additional 728,592 shares during the period.
Nicholas Investment Partners LP lifted its holdings in shares of Embraer by 424.7% during the 2nd quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company’s stock worth $13,584,000 after acquiring an additional 426,153 shares during the period.
TimesSquare Capital Management LLC bought a new stake in shares of Embraer during the 1st quarter worth approximately $10,754,000. Jennison Associates LLC bought a new stake in shares of Embraer during the 1st quarter worth approximately $9,818,000. Finally, Marshall Wace LLP lifted its holdings in shares of Embraer by 76.
5% during the 2nd quarter. Marshall Wace LLP now owns 712,112 shares of the aerospace company’s stock worth $18,372,000 after acquiring an additional 308,729 shares during the period. Institutional investors own 34.
65% of the company’s stock. Embraer Company Profile ( Get Free Report ) 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. Featured Articles Receive News & Ratings for Embraer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embraer and related companies with MarketBeat.com's FREE daily email newsletter .
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