Embraer (NYSE:ERJ) Shares Gap Down – Should You Sell?

Embraer S.A. (NYSE:ERJ)’s stock price gapped down prior to trading 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wolfe Research reissued a “peer perform” rating on shares of Embraer in a research note on Monday. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

Embraer Stock Performance

The company has a 50-day moving average of $45.28 and a 200-day moving average of $39.34. The company has a market cap of $8.99 billion, a PE ratio of 18.00 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 posted its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.47. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. As a group, analysts anticipate that Embraer S.A. will post 2.04 earnings per share for the current year.

Institutional Investors Weigh In On Embraer

A number of institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in shares of Embraer in the 4th quarter worth approximately $28,000. SPX Gestao de Recursos Ltda bought a new position in Embraer in the 4th quarter valued at $37,000. Colonial Trust Co SC bought a new position in Embraer in the 4th quarter valued at $42,000. Lindbrook Capital LLC increased its position in shares of Embraer by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 389 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in shares of Embraer during the 4th quarter worth $71,000. 34.65% of the stock is owned by institutional investors.

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.