Brokerages Set Embraer S.A. (NYSE:ERJ) PT at $37.43

Shares of Embraer S.A. (NYSE:ERJ) have received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, 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 1 year price objective among analysts that have updated their coverage on the stock in the last year is $37.43.

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

Embraer Price Performance

Shares of NYSE:ERJ opened at $36.10 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. Embraer has a 52 week low of $16.88 and a 52 week high of $40.34. The firm has a market cap of $6.63 billion, a PE ratio of 13.27 and a beta of 1.72. The firm’s fifty day moving average is $36.34 and its 200-day moving average is $32.89.

Hedge Funds Weigh In On Embraer

Several institutional investors have recently added to or reduced their stakes in the business. Brendel Financial Advisors LLC acquired a new stake in shares of Embraer during the 3rd quarter worth approximately $202,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Embraer in the third quarter worth $10,611,000. Stifel Financial Corp increased 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 purchasing an additional 18,656 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Embraer during the third quarter valued at about $981,000. Finally, Nicholas Investment Partners LP boosted its position 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 worth $13,584,000 after purchasing an additional 426,153 shares in the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

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.