Embraer (NYSE:ERJ) Price Target Raised to $55.00 at Bank of America

Embraer (NYSE:ERJ) had its target price upped by Bank of America from $40.00 to $55.00 in a report issued on Thursday morning,Benzinga reports. Bank of America currently has a buy rating on the aerospace company’s stock.

A number of other research firms have also commented on ERJ. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and boosted their price target for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and upped their target price for the stock from $26.00 to $41.00 in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Embraer Stock Up 0.5 %

Shares of NYSE:ERJ opened at $39.00 on Thursday. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 14.34 and a beta of 1.70. The business’s 50-day moving average is $35.36 and its 200-day moving average is $31.80. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. Embraer has a 1 year low of $16.15 and a 1 year high of $39.46.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Brendel Financial Advisors LLC purchased a new position in shares of Embraer during the 3rd quarter valued at about $202,000. SteelPeak Wealth LLC purchased a new stake in shares of Embraer in the second quarter worth $443,000. SG Americas Securities LLC bought a new stake in shares of Embraer during the 2nd quarter valued at $2,458,000. Atria Investments Inc purchased a new position in shares of Embraer during the 1st quarter valued at $1,671,000. Finally, Blue Trust Inc. boosted its holdings in Embraer by 35.7% in the 2nd quarter. Blue Trust Inc. now owns 11,758 shares of the aerospace company’s stock worth $313,000 after buying an additional 3,091 shares during the period. 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.