The price of Embraer S.A. (NYSE:ERJ) shares last traded on Wall Street fell -3.47% to $15.01.
Based on available information, 15 analysts follow Embraer S.A. (NYSE:ERJ). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $28.00 and a low of $4.52, we find $19.50. Given the previous closing price of $15.55, this indicates a potential upside of 25.4 percent. ERJ stock price is now -1.28% away from the 50-day moving average and 13.02% away from the 200-day moving average. The market capitalization of the company currently stands at $2.74B.
Among analysts, 3 rate the stock a hold while 12 rate it a buy. Brokers who have rated the stock have averaged $19.69 as their price target over the next twelve months.
With the price target of $14, UBS recently initiated with Buy rating for Embraer S.A. (NYSE: ERJ).
A total of 12.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ERJ stock. A new stake in Embraer S.A. shares was purchased by OPTIVER HOLDING B.V. during the first quarter worth $11,770,000. EMERGING VARIANT CAPITAL MANAGEMENT LP invested $7,001,000 in shares of ERJ during the first quarter. In the first quarter, BANCO BTG PACTUAL S.A. acquired a new stake in Embraer S.A. valued at approximately $4,119,000. VERITION FUND MANAGEMENT LLC acquired a new stake in ERJ for approximately $4,106,000. ACADIAN ASSET MANAGEMENT LLC purchased a new stake in ERJ valued at around $3,499,000 in the second quarter. In total, there are 199 active investors with 38.90% ownership of the company’s stock.
A candlestick chart of Embraer S.A. (NYSE: ERJ) showed a price of $15.35 on Thursday morning. During the past 12 months, Embraer S.A. has had a low of $8.52 and a high of $17.14. As of last week, the company has a debt-to-equity ratio of 1.35, a current ratio of 1.70, and a quick ratio of 0.90. The fifty day moving average price for ERJ is $15.22 and a two-hundred day moving average price translates $13.31 for the stock.
The latest earnings results from Embraer S.A. (NYSE: ERJ) was released for Mar, 2023. According to the Aerospace & Defense Company, earnings per share came in at -$0.48, missing analysts’ expectations of -$0.01 by -0.47. This compares to -$0.17 EPS in the same period last year. The company reported revenue of $716.7 million for the quarter, compared to $600.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.27 percent. For the current quarter, analysts expect ERJ to generate $1.18B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/18/2019. Investors who held shares on 12/31/2018 were paid a $0.010751 dividend.
Embraer S.A.(ERJ) Company Profile
Embraer S.A. 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. The Defense & Security segment engages in the research, development, production, modification, and support for military defense and security aircraft; and offers a range of products and integrated solutions that include radars, special space systems, and cyber security solutions, as well as information and communications systems comprising command, control, communications, computer, intelligence, surveillance, and reconnaissance systems. The Executive Aviation segment develops, produces, and sells executive jets. This segment also leases Phenom family executive jets in the entry jet and light jet categories; and Praetor 500 and Praetor 600, disruptive executive jets in the midsize and super midsize categories. The Service & Support segment provides after-service solutions and support services; maintenance, repair, and overhaul services for commercial, executive, and defense aircraft; and aircraft components and engines. This segment also supplies steel and composite aviation structures to various aircraft manufacturers. The Other segment engages in the supply of fuel systems, structural parts, and mechanical and hydraulic systems; and production of agricultural crop-spraying aircraft. The company was formerly known as Embraer-Empresa Brasileira de Aeronáutica S.A. and changed its name to Embraer S.A. in November 2010. Embraer S.A. was incorporated in 1969 and is headquartered in São Paulo, Brazil.
