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 released on Wednesday.

ERJ has been the topic of a number of other reports. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. UBS Group cut Embraer from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, Bank of America raised their price objective on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.43.

Embraer Stock Up 1.3 %

Shares of ERJ opened at $36.58 on Wednesday. The firm has a fifty day moving average price of $36.60 and a 200-day moving average price of $33.15. 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 has a market capitalization of $6.72 billion, a P/E ratio of 13.45 and a beta of 1.72. Embraer has a 12-month low of $16.88 and a 12-month high of $40.34.

Institutional Trading of Embraer

A number of hedge funds have recently bought and sold shares of the stock. Brendel Financial Advisors LLC purchased a new stake in shares of Embraer during the third quarter valued at about $202,000. Stifel Financial Corp boosted its stake in Embraer by 33.0% in the third quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company’s stock valued at $2,661,000 after acquiring an additional 18,656 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Embraer in the third quarter worth $10,611,000. Thrivent Financial for Lutherans acquired a new position in shares of Embraer during the third quarter worth $981,000. Finally, Nicholas Investment Partners LP lifted its holdings in shares of Embraer by 424.7% during the 2nd quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company’s stock valued at $13,584,000 after purchasing an additional 426,153 shares during the last quarter. Hedge funds and other 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.