Embraer (NYSE:ERJ) Shares Gap Down – Time to Sell?

Embraer S.A. (NYSE:ERJ)’s share price gapped down before the market opened on Monday . The stock had previously closed at $52.64, but opened at $51.08. Embraer shares last traded at $50.10, with a volume of 209,290 shares.

Analyst Ratings Changes

Several research analysts recently issued reports on ERJ shares. TD Cowen raised shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a report on Monday, March 10th. The Goldman Sachs Group lifted their price objective on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Embraer in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Embraer has a consensus rating of “Moderate Buy” and an average price target of $44.50.

Embraer Trading Down 4.8 %

The company’s 50-day moving average price is $44.81 and its 200-day moving average price is $39.13. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of 18.42 and a beta of 1.70. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ) last announced its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.21 billion. Equities analysts expect that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Institutional Trading of Embraer

Several institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp acquired a new position in Embraer during the fourth quarter worth about $28,000. SPX Gestao de Recursos Ltda acquired a new position in Embraer during the fourth quarter worth about $37,000. Colonial Trust Co SC acquired a new position in Embraer during the fourth quarter worth about $42,000. Lindbrook Capital LLC boosted its position in Embraer by 32.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 389 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in Embraer during the fourth quarter worth about $71,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Company Profile

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.