Embraer S.A. (NYSE:ERJ) Sees Significant Growth in Short Interest

Embraer S.A. (NYSE:ERJ) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 4,930,000 shares, an increase of 88.2% from the February 13th total of 2,620,000 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average trading volume of 1,390,000 shares, the days-to-cover ratio is presently 3.5 days.

Wall Street Analysts Forecast Growth

ERJ has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their target price on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and boosted their price target for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. Bank of America raised their price objective on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Finally, TD Cowen upgraded Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.60.

Embraer Stock Up 2.8 %

Embraer stock opened at $52.42 on Friday. The company has a market capitalization of $9.63 billion, a P/E ratio of 19.27 and a beta of 1.70. Embraer has a 1-year low of $22.09 and a 1-year high of $53.40. The firm’s fifty day simple moving average is $43.14 and its 200-day simple moving average is $38.36. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ) last issued its quarterly 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. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. Sell-side analysts forecast that Embraer will post 2.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Embraer

A number of hedge funds have recently made changes to their positions in the business. Employees Retirement System of Texas boosted its stake in shares of Embraer by 9.5% in the 4th quarter. Employees Retirement System of Texas now owns 37,900 shares of the aerospace company’s stock valued at $1,390,000 after purchasing an additional 3,300 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Embraer in the 4th quarter worth approximately $5,042,000. Ulysses Management LLC bought a new stake in shares of Embraer during the fourth quarter worth $2,017,000. Two Sigma Investments LP lifted its position in Embraer by 27.4% during the 4th quarter. Two Sigma Investments LP now owns 506,051 shares of the aerospace company’s stock valued at $18,562,000 after purchasing an additional 108,740 shares during the period. Finally, Shay Capital LLC boosted its stake in Embraer by 53.4% in the fourth quarter. Shay Capital LLC now owns 13,040 shares of the aerospace company’s stock valued at $478,000 after acquiring an additional 4,540 shares during the last quarter. 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.