Embraer S.A. (NYSE:ERJ - Get Free Report) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totalling 4,060,000 shares, a growth of 10.6% from the July 15th total of 3,670,000 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is presently 2.2 days.
Wall Street Analysts Forecast Growth
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ERJ has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Embraer from $28.50 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, July 3rd. StockNews.com downgraded Embraer from a "buy" rating to a "hold" rating in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $29.83.
View Our Latest Stock Analysis on Embraer
Institutional Investors Weigh In On Embraer
Several hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new position in Embraer during the 2nd quarter valued at approximately $41,000. Northwestern Mutual Wealth Management Co. lifted its position in Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock valued at $59,000 after acquiring an additional 456 shares in the last quarter. 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 valued at $37,141,000 after buying an additional 728,592 shares during the period. Employees Retirement System of Texas raised its holdings in Embraer by 43.6% in the 2nd quarter. Employees Retirement System of Texas now owns 34,600 shares of the aerospace company's stock worth $893,000 after purchasing an additional 10,500 shares during the period. Finally, AQR Capital Management LLC bought a new position in Embraer in the 2nd quarter worth $448,000. Institutional investors own 34.65% of the company's stock.
Embraer Stock Down 0.4 %
Embraer stock traded down $0.14 during mid-day trading on Friday, reaching $32.50. The stock had a trading volume of 1,157,708 shares, compared to its average volume of 1,702,323. Embraer has a fifty-two week low of $12.48 and a fifty-two week high of $33.17. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.71 and a current ratio of 1.51. The stock's 50-day simple moving average is $28.75 and its 200-day simple moving average is $25.74. The firm has a market capitalization of $5.97 billion, a PE ratio of 22.57 and a beta of 1.71.
Embraer (NYSE:ERJ - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.20. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Embraer had a return on equity of 5.35% and a net margin of 4.84%. Embraer's quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share. On average, sell-side analysts forecast that Embraer will post 1.3 EPS for the current fiscal year.
About Embraer
(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.
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