Embraer (NYSE:ERJ) Stock Rating Upgraded by TD Cowen

Embraer (NYSE:ERJ) was upgraded by analysts at TD Cowen to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other equities analysts also recently commented on the stock. UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and upped their price objective for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. Bank of America upped their price target on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.43.

Embraer Stock Down 1.3 %

Shares of Embraer stock opened at $36.10 on Thursday. 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 company’s 50 day moving average price is $36.34 and its 200-day moving average price is $32.89. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 13.27 and a beta of 1.72.

Institutional Trading of Embraer

Institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in shares of Embraer in the second quarter worth approximately $41,000. Ashton Thomas Private Wealth LLC bought a new position in Embraer in the 2nd quarter valued at approximately $55,000. Northwestern Mutual Wealth Management Co. boosted its stake in Embraer by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 456 shares during the last quarter. Asset Dedication LLC bought a new stake in shares of Embraer in the 2nd quarter worth $71,000. Finally, Signaturefd LLC raised its stake in shares of Embraer by 7.9% in the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 414 shares during the last quarter. 34.65% of the stock is 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.