Embraer S.A. (NYSE:ERJ) Short Interest Up 31.4% in September

Embraer S.A. (NYSE:ERJ) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 5,860,000 shares, an increase of 31.4% from the September 15th total of 4,460,000 shares. Based on an average trading volume of 1,640,000 shares, the short-interest ratio is currently 3.6 days. Currently, 3.2% of the company’s shares are short sold.

Institutional Trading of Embraer

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. acquired a new position in Embraer during the fourth quarter worth approximately $30,000. Sunbelt Securities Inc. acquired a new position in Embraer during the second quarter worth approximately $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Embraer during the second quarter worth approximately $44,000. Ashton Thomas Private Wealth LLC acquired a new position in Embraer during the second quarter worth approximately $55,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after buying an additional 456 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Stock Down 2.1 %

Shares of NYSE:ERJ traded down $0.68 during midday trading on Tuesday, reaching $32.47. The company had a trading volume of 1,394,329 shares, compared to its average volume of 1,650,348. The company has a quick ratio of 0.66, a current ratio of 1.50 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average price is $33.75 and its 200 day moving average price is $29.72. The stock has a market cap of $5.96 billion, a PE ratio of 22.55 and a beta of 1.69. Embraer has a 1-year low of $13.56 and a 1-year high of $37.30.

Embraer (NYSE:ERJ) last released its earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.20. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. Embraer had a return on equity of 5.94% and a net margin of 6.76%. Embraer’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share. Research analysts forecast that Embraer will post 1.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ERJ. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. UBS Group lifted their price target on Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Finally, Bank of America reissued a “buy” rating and issued a $40.00 price target on shares of Embraer in a research note on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.50.

About Embraer

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.