Embraer S.A. (NYSE:ERJ) Sees Large Decrease in Short Interest

Embraer S.A. (NYSE:ERJGet Free Report) was the target of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 3,470,000 shares, a decrease of 5.2% from the May 15th total of 3,660,000 shares. Based on an average daily volume of 2,000,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.9% of the shares of the stock are sold short.

Embraer Trading Down 2.2 %

Shares of NYSE ERJ opened at $27.13 on Thursday. The company has a 50 day simple moving average of $27.26 and a 200 day simple moving average of $22.62. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.83. Embraer has a 1 year low of $12.48 and a 1 year high of $31.12.

Embraer (NYSE:ERJGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. Embraer had a return on equity of 5.35% and a net margin of 4.84%. The firm had revenue of $896.60 million for the quarter, compared to analyst estimates of $883.92 million. Equities research analysts anticipate that Embraer will post 1.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Embraer from $19.50 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. UBS Group restated a “neutral” rating and set a $28.50 target price (up from $21.00) on shares of Embraer in a research note on Tuesday, March 26th. The Goldman Sachs Group lifted their price target on Embraer from $21.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. upped their price objective on Embraer from $21.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Finally, StockNews.com upgraded Embraer from a “hold” rating to a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.75.

Get Our Latest Analysis on Embraer

Institutional Trading of Embraer

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Simplicity Wealth LLC acquired a new position in shares of Embraer in the 1st quarter worth approximately $18,158,000. Itau Unibanco Holding S.A. raised its stake in Embraer by 69.3% during the third quarter. Itau Unibanco Holding S.A. now owns 1,431,059 shares of the aerospace company’s stock worth $19,634,000 after buying an additional 586,027 shares during the last quarter. TimesSquare Capital Management LLC acquired a new position in Embraer in the first quarter valued at $10,754,000. Jennison Associates LLC bought a new stake in Embraer during the first quarter valued at $9,818,000. Finally, Ramirez Asset Management Inc. acquired a new stake in Embraer during the 3rd quarter worth about $4,137,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

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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