Embraer S.A. (NYSE:ERJ) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Embraer S.A. (NYSE:ERJ) have been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $37.43.

ERJ has been the subject of a number of analyst reports. UBS Group cut 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 note on Tuesday, November 19th. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research report on Thursday. Finally, Bank of America raised their price target on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st.

Embraer Stock Down 1.3 %

ERJ opened at $36.10 on Wednesday. The firm has a market cap of $6.63 billion, a P/E ratio of 13.27 and a beta of 1.72. 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 has a 50 day moving average price of $36.42 and a 200 day moving average price of $32.98. Embraer has a twelve month low of $16.88 and a twelve month high of $40.34.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Townsquare Capital LLC raised its holdings in Embraer by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock valued at $920,000 after acquiring an additional 310 shares in the last quarter. Angeles Investment Advisors LLC lifted its position in Embraer by 3.0% in the third quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock worth $416,000 after purchasing an additional 338 shares during the period. LVW Advisors LLC boosted its stake in Embraer by 3.4% during the third quarter. LVW Advisors LLC now owns 10,320 shares of the aerospace company’s stock worth $365,000 after buying an additional 340 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Embraer by 0.6% in the 2nd quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock valued at $1,637,000 after buying an additional 385 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Embraer by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock valued at $573,000 after acquiring an additional 390 shares in the last quarter. Institutional investors and hedge funds 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.