Embraer (NYSE:ERJ) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Embraer (NYSE:ERJ) from a hold rating to a buy rating in a report released on Wednesday morning.

Several other equities analysts also recently commented on ERJ. TD Cowen raised shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and boosted their price target for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, Bank of America raised their price objective on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Embraer Stock Up 1.3 %

Shares of ERJ opened at $36.58 on Wednesday. Embraer has a 12-month low of $16.88 and a 12-month high of $40.34. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $6.72 billion, a PE ratio of 13.45 and a beta of 1.72. The business’s 50 day moving average is $36.60 and its 200 day moving average is $33.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new position in shares of Embraer during the 2nd quarter valued at approximately $349,000. Ameritas Advisory Services LLC raised its stake in shares of Embraer by 11.3% in the second quarter. Ameritas Advisory Services LLC now owns 40,120 shares of the aerospace company’s stock valued at $1,035,000 after acquiring an additional 4,081 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Embraer by 17.3% in the 2nd quarter. Principal Financial Group Inc. now owns 249,562 shares of the aerospace company’s stock worth $6,439,000 after acquiring an additional 36,803 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in shares of Embraer during the 2nd quarter worth about $2,512,000. Finally, Pinnacle Associates Ltd. grew its holdings in 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 purchasing an additional 385 shares during the last quarter. Hedge funds and other institutional investors 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.