Embraer (NYSE:ERJ) Raised to “Strong-Buy” at TD Cowen

Embraer (NYSE:ERJ) was upgraded by stock analysts at TD Cowen to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Several other brokerages have also commented on ERJ. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Bank of America raised their target price on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.43.

Embraer Trading Down 1.3 %

Shares of ERJ stock opened at $36.10 on Thursday. The stock has a market capitalization of $6.63 billion, a P/E ratio of 13.27 and a beta of 1.72. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The firm’s 50 day moving average is $36.34 and its 200 day moving average is $32.89. Embraer has a 12-month low of $16.88 and a 12-month high of $40.34.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ERJ. Sunbelt Securities Inc. purchased a new stake in Embraer in the 2nd quarter worth approximately $41,000. Ashton Thomas Private Wealth LLC purchased a new position in Embraer during the second quarter valued at approximately $55,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 456 shares during the period. Asset Dedication LLC purchased a new stake in shares of Embraer in the second quarter worth $71,000. Finally, Signaturefd LLC raised its position in shares of Embraer by 7.9% during the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after purchasing an additional 414 shares during the period. Institutional investors 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.