Credit Suisse Group Reaffirms Outperform Rating for Embraer (NYSE:ERJ)

Embraer (NYSE:ERJ)‘s stock had its “outperform” rating restated by investment analysts at Credit Suisse Group in a research note issued to investors on Tuesday, December 26th.

ERJ has been the topic of a number of other reports. ValuEngine raised Embraer from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 22nd. Cowen reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Embraer in a report on Monday, October 30th. JPMorgan Chase & Co. lowered Embraer from an “overweight” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a report on Tuesday, October 31st. Scotiabank lowered Embraer from an “outperform” rating to a “sector perform” rating in a report on Tuesday, October 17th. Finally, Bank of America set a $27.00 price objective on Embraer and gave the company a “buy” rating in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Embraer currently has a consensus rating of “Hold” and a consensus price target of $22.67.

Embraer (NYSE:ERJ) opened at $25.35 on Tuesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.73 and a current ratio of 2.67. The firm has a market capitalization of $4,670.00, a P/E ratio of 11.32, a P/E/G ratio of 1.62 and a beta of 0.32. Embraer has a 1-year low of $17.58 and a 1-year high of $27.45.

Embraer (NYSE:ERJ) last posted its earnings results on Friday, October 27th. The aerospace company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion. Embraer had a return on equity of 10.65% and a net margin of 6.63%. analysts anticipate that Embraer will post 1.81 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ERJ. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Embraer during the 3rd quarter worth $49,590,000. Brandes Investment Partners LP grew its holdings in shares of Embraer by 6.6% during the 2nd quarter. Brandes Investment Partners LP now owns 19,847,728 shares of the aerospace company’s stock worth $361,824,000 after purchasing an additional 1,227,021 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Embraer by 45.0% during the 2nd quarter. Franklin Resources Inc. now owns 2,844,323 shares of the aerospace company’s stock worth $51,852,000 after purchasing an additional 883,361 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Embraer by 10.1% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,170,429 shares of the aerospace company’s stock worth $148,947,000 after purchasing an additional 747,735 shares in the last quarter. Finally, Holowesko Partners Ltd. grew its holdings in shares of Embraer by 20.9% during the 2nd quarter. Holowesko Partners Ltd. now owns 3,843,250 shares of the aerospace company’s stock worth $70,062,000 after purchasing an additional 665,000 shares in the last quarter. 50.09% of the stock is currently owned by institutional investors.

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