Embraer (NYSE:ERJ) Raised to “Buy” at StockNews.com

Embraer (NYSE:ERJ) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other brokerages also recently weighed in on ERJ. UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and raised their price target for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. TD Cowen raised Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Bank of America increased their price objective on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.43.

Embraer Stock Performance

Shares of Embraer stock opened at $36.40 on Wednesday. Embraer has a 1 year low of $16.88 and a 1 year high of $40.34. The firm’s 50-day moving average is $36.64 and its 200 day moving average is $33.17. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 13.38 and a beta of 1.72. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Virtu Financial LLC grew its stake in shares of Embraer by 164.4% during the 3rd quarter. Virtu Financial LLC now owns 37,082 shares of the aerospace company’s stock valued at $1,312,000 after purchasing an additional 23,056 shares during the period. Dorsey Wright & Associates increased its holdings in Embraer by 13.5% during the third quarter. Dorsey Wright & Associates now owns 146,873 shares of the aerospace company’s stock valued at $5,195,000 after buying an additional 17,484 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Embraer by 2.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 44,174 shares of the aerospace company’s stock valued at $1,562,000 after acquiring an additional 1,241 shares during the period. XTX Topco Ltd purchased a new stake in Embraer in the 3rd quarter worth approximately $1,203,000. Finally, State Street Corp raised its stake in Embraer by 1.3% during the 3rd quarter. State Street Corp now owns 368,662 shares of the aerospace company’s stock worth $13,040,000 after acquiring an additional 4,666 shares during the period. Institutional investors own 34.65% of the company’s stock.

About Embraer

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.