Embraer (NYSE:ERJ) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Embraer (NYSE:ERJ) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

A number of other brokerages have also commented on ERJ. Morgan Stanley lifted their price target on Embraer from $19.50 to $40.00 and gave the stock an overweight rating in a report on Thursday, March 14th. JPMorgan Chase & Co. lifted their price target on Embraer from $21.00 to $40.00 and gave the stock an overweight rating in a report on Friday, March 22nd. The Goldman Sachs Group boosted their target price on Embraer from $21.00 to $35.00 and gave the company a buy rating in a research note on Friday, March 22nd. Finally, UBS Group restated a neutral rating and issued a $28.50 target price (up from $21.00) on shares of Embraer in a research note on Tuesday, March 26th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $29.75.

Embraer Price Performance

Shares of Embraer stock opened at $27.13 on Wednesday. The business’s fifty day simple moving average is $27.26 and its 200 day simple moving average is $22.62. Embraer has a 12 month low of $12.48 and a 12 month high of $31.12. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.83.

Embraer (NYSE:ERJ) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The business had revenue of $896.60 million for the quarter, compared to analyst estimates of $883.92 million. Embraer had a return on equity of 5.35% and a net margin of 4.84%. Research analysts expect that Embraer will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of Embraer

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Preferred LLC bought a new stake in shares of Embraer during the 4th quarter valued at $28,000. PNC Financial Services Group Inc. bought a new stake in shares of Embraer during the 4th quarter valued at $30,000. Blue Trust Inc. raised its stake in shares of Embraer by 189.6% during the 4th quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 1,678 shares during the period. Bruce G. Allen Investments LLC bought a new stake in shares of Embraer during the 4th quarter valued at $47,000. Finally, Montag A & Associates Inc. raised its stake in shares of Embraer by 221.7% during the 1st quarter. Montag A & Associates Inc. now owns 2,628 shares of the aerospace company’s stock valued at $70,000 after purchasing an additional 1,811 shares during the period. 34.65% of the stock is currently owned by institutional investors.

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.