Brokerages Set Embraer S.A. (NYSE:ERJ) PT at $37.43

Embraer S.A. (NYSE:ERJ) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $37.43.

ERJ has been the topic of a number of research reports. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. StockNews.com upgraded Embraer from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. Finally, Bank of America upped their target price on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Townsquare Capital LLC increased its stake in shares of Embraer by 1.2% during the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock worth $920,000 after purchasing an additional 310 shares during the period. Angeles Investment Advisors LLC grew its holdings in Embraer by 3.0% in the 3rd quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock valued at $416,000 after buying an additional 338 shares in the last quarter. LVW Advisors LLC increased its position in Embraer by 3.4% during the 3rd quarter. LVW Advisors LLC now owns 10,320 shares of the aerospace company’s stock worth $365,000 after buying an additional 340 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Embraer by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock worth $573,000 after buying an additional 390 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of Embraer by 7.9% in the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after acquiring an additional 414 shares during the period. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer Stock Up 1.2 %

Shares of Embraer stock opened at $37.71 on Friday. Embraer has a 52-week low of $16.89 and a 52-week high of $40.34. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The business’s 50 day simple moving average is $37.32 and its 200 day simple moving average is $34.03. The firm has a market cap of $6.93 billion, a PE ratio of 13.86 and a beta of 1.71.

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.