Shares of Embraer SA (NYSE:ERJ) gapped up prior to trading on Wednesday . The stock had previously closed at $24.61, but opened at $25.23. Embraer shares last traded at $26.25, with a volume of 3464529 shares traded.

A number of research firms have recently issued reports on ERJ. TheStreet raised Embraer from a “c+” rating to a “b-” rating in a research report on Wednesday. Bank of America set a $27.00 price target on Embraer and gave the stock a “buy” rating in a research report on Wednesday, November 1st. ValuEngine raised Embraer from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th. Credit Suisse Group downgraded Embraer to a “hold” rating and set a $25.00 price target on the stock. in a research report on Friday, December 22nd. Finally, Deutsche Bank downgraded Embraer from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $22.67.

The stock has a market capitalization of $4,820.55, a PE ratio of 12.17, a PEG ratio of 1.65 and a beta of 0.32. The company has a quick ratio of 1.73, a current ratio of 2.67 and a debt-to-equity ratio of 1.05.

Embraer (NYSE:ERJ) last issued its quarterly earnings data on Friday, October 27th. The aerospace company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.11. Embraer had a return on equity of 10.65% and a net margin of 6.63%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.34 billion. equities analysts forecast that Embraer SA will post 1.81 EPS for the current year.

The business also recently disclosed a special dividend, which will be paid on Friday, February 2nd. Investors of record on Thursday, December 28th will be given a dividend of $0.1079 per share. The ex-dividend date is Wednesday, December 27th. This is an increase from Embraer’s previous special dividend of $0.05. Embraer’s dividend payout ratio (DPR) is presently 15.38%.

A number of hedge funds have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Embraer by 9.5% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,115,296 shares of the aerospace company’s stock valued at $138,267,000 after purchasing an additional 531,605 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in Embraer during the third quarter valued at about $213,000. Stifel Financial Corp boosted its position in Embraer by 117.6% during the third quarter. Stifel Financial Corp now owns 57,518 shares of the aerospace company’s stock valued at $1,302,000 after purchasing an additional 31,086 shares in the last quarter. Sarasin & Partners LLP boosted its position in Embraer by 7.5% during the third quarter. Sarasin & Partners LLP now owns 1,650,307 shares of the aerospace company’s stock valued at $37,313,000 after purchasing an additional 114,439 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Embraer by 29.7% during the third quarter. Wells Fargo & Company MN now owns 81,591 shares of the aerospace company’s stock valued at $1,845,000 after purchasing an additional 18,681 shares in the last quarter. 50.09% of the stock is currently owned by institutional investors.

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About Embraer

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