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

Embraer (NYSE:ERJ) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Several other equities analysts have also weighed in on the stock. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and increased their price target for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. Bank of America increased their target price on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, TD Cowen raised shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Embraer presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Embraer Stock Up 1.6 %

Shares of NYSE:ERJ opened at $42.11 on Friday. Embraer has a 1 year low of $17.75 and a 1 year high of $46.10. The company has a market capitalization of $7.73 billion, a PE ratio of 15.48 and a beta of 1.71. The business has a fifty day moving average price of $38.82 and a two-hundred day moving average price of $35.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76.

Institutional Trading of Embraer

A number of institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp bought a new stake in Embraer during the 4th quarter valued at $28,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Embraer during the 4th quarter valued at $37,000. Lindbrook Capital LLC lifted its holdings in Embraer by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 389 shares in the last quarter. Venturi Wealth Management LLC bought a new position in Embraer in the 4th quarter worth about $71,000. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in Embraer by 71.9% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company’s stock valued at $71,000 after buying an additional 809 shares in the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

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.