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

Embraer S.A. (NYSE:ERJ) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $37.43.

Several equities analysts have commented on ERJ shares. TD Cowen upgraded Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Bank of America raised their price objective on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. Finally, UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and raised their price target for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th.

Embraer Price Performance

Shares of NYSE:ERJ opened at $37.64 on Friday. Embraer has a 52-week low of $16.89 and a 52-week high of $40.34. The company has a market capitalization of $6.91 billion, a PE ratio of 13.84 and a beta of 1.71. 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 company has a fifty day moving average of $37.25 and a 200-day moving average of $33.91.

Hedge Funds Weigh In On Embraer

Several hedge funds and other institutional investors have recently bought and sold shares of ERJ. Brendel Financial Advisors LLC bought a new position in shares of Embraer in the 3rd quarter worth about $202,000. Stifel Financial Corp lifted 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 buying an additional 18,656 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Embraer during the 3rd quarter worth approximately $10,611,000. Thrivent Financial for Lutherans acquired a new stake in shares of Embraer during the 3rd quarter worth approximately $981,000. Finally, XTX Topco Ltd bought a new stake in shares of Embraer in the 3rd quarter valued at $1,203,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

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.