Goldman Sachs Raises Price Target for Embraer Stock

Analysts at The Goldman Sachs Group have adjusted their price target for Embraer (NYSE:ERJ) stock, increasing it from $44.00 to $50.00, according to a research note released on Monday. The brokerage firm has assigned a "buy" rating to the stock, suggesting that they see potential for growth. The new price target indicates a minimal upside of 0.08% from the stock's current trading price.

Recent Analyst Reports

In addition to Goldman Sachs, several other firms have recently issued reports regarding Embraer’s stock. For example, Bank of America raised its price target from $40.00 to $55.00 and also gave Embraer a "buy" rating in a report dated November 21. Moreover, TD Cowen upgraded Embraer to a "strong-buy" rating on December 19. Contrastingly, UBS Group downgraded the stock from a "neutral" rating to a "sell" and increased their price target from $29.00 to $32.00 as noted in their research on November 19. Another positive note came from StockNews.com, which upgraded Embraer from a "hold" rating to a "buy" rating on Sunday. Overall, one analyst has issued a sell rating, while five analysts have rated it as a buy, and one has given it a strong buy rating. Research shows that the stock currently holds a consensus rating of "Moderate Buy" with an average price target of $43.00.

Recent Stock Performance

On Monday, Embraer’s stock experienced a surge of 4.8%, rising by $2.31 to reach $49.96. The trading volume for the day totaled 262,972 shares, which is significantly lower than its average trading volume of 1,408,257 shares. As of now, Embraer has a market capitalization of $9.18 billion, a price-to-earnings ratio of 18.37, and a beta of 1.71.

Financial Overview

Historically, Embraer has seen a low of $20.74 and a high of $49.77 over the past year. Its 50-day simple moving average stands at $40.25, while the 200-day simple moving average is positioned at $37.12. Embraer announced its latest quarterly earnings on February 27, reporting earnings per share of $0.94, surpassing analysts’ expectations of $0.47 by a notable margin. Their revenue for the quarter was $2.31 billion, exceeding predicted revenues of $2.21 billion. Analysts are anticipating that Embraer will report an EPS of 2.04 for the ongoing fiscal year.

Institutional Investment Activity

Recently, significant investors have modified their positions in Embraer. Notably, Jones Financial Companies LLC acquired a new position in Embraer during the fourth quarter, valued at $28,000. SPX Gestão de Recursos Ltda also made a new acquisition worth about $37,000, while Colonial Trust Co SC purchased shares valued at approximately $42,000. Furthermore, Lindbrook Capital LLC increased their shareholding by 32.9%, now owning 1,572 shares worth $58,000 after adding 389 shares in the last quarter. Lastly, Venturi Wealth Management LLC bought a new stake in Embraer worth about $71,000. Currently, 34.65% of Embraer's stock is held by hedge funds and other institutional investors.

About Embraer

Embraer SA is involved in the design, development, manufacturing, and sales of aircraft and systems across various regions, including North America, Latin America, and Europe. The company operates through several segments: Commercial Aviation, Defense & Security, Executive Aviation, Services & Support, among others. The Commercial Aviation segment specifically focuses on the development and sale of commercial jets and aircraft leasing.

GoldmanSachs, Embraer, Stock