Embraer S.A. (NYSE:ERJ) Receives $37.43 Consensus Price Target from Brokerages

Shares of Embraer S.A. (NYSE:ERJ) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $37.43.

Several research analysts recently weighed in on ERJ shares. Bank of America boosted their target price on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and upped their price objective for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Finally, UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and raised their target price for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th.

Institutional Investors Weigh In On Embraer

Institutional investors have recently added to or reduced their stakes in the company. Townsquare Capital LLC lifted its stake in shares of 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 purchasing an additional 310 shares in the last quarter. Angeles Investment Advisors LLC increased its position in shares of 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 acquiring an additional 338 shares in the last quarter. LVW Advisors LLC raised its stake in shares of Embraer by 3.4% in the 3rd quarter. LVW Advisors LLC now owns 10,320 shares of the aerospace company’s stock valued at $365,000 after acquiring an additional 340 shares during the period. Pinnacle Associates Ltd. lifted its holdings in shares of Embraer by 0.6% during the 2nd quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock valued at $1,637,000 after acquiring an additional 385 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Embraer by 1.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock valued at $573,000 after purchasing an additional 390 shares in the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Stock Performance

Embraer stock opened at $38.90 on Friday. 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 fifty-two week low of $16.25 and a fifty-two week high of $39.46. The stock has a fifty day moving average of $35.43 and a two-hundred day moving average of $31.88.

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.