Embraer S.A. (NYSE:ERJ) Receives $37.43 Average Target Price from Brokerages

Shares of Embraer S.A. (NYSE:ERJ) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $37.43.

A number of research analysts have recently weighed in on the company. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and raised their target price for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. Bank of America raised their price objective on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday.

Institutional Investors Weigh In On Embraer

Large investors have recently made changes to their positions in the business. Sunbelt Securities Inc. bought a new position in Embraer during the second quarter valued at about $41,000. Ashton Thomas Private Wealth LLC purchased a new position in Embraer in the second quarter valued at about $55,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Embraer by 25.0% during the 2nd 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 last quarter. Asset Dedication LLC bought a new stake in shares of Embraer in the 2nd quarter worth approximately $71,000. Finally, Signaturefd LLC lifted its stake in 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 purchasing an additional 414 shares during the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Trading Down 1.3 %

ERJ opened at $36.10 on Wednesday. Embraer has a fifty-two week low of $16.88 and a fifty-two week high of $40.34. The firm has a market capitalization of $6.63 billion, a PE ratio of 13.27 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. The company’s 50-day moving average is $36.34 and its 200 day moving average is $32.89.

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.