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

Embraer S.A. (NYSE:ERJ) has been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $37.43.

A number of brokerages have commented on ERJ. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. TD Cowen upgraded Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. UBS Group cut Embraer from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. Finally, Bank of America upped their target price on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st.

Embraer Stock Performance

Shares of NYSE ERJ opened at $37.71 on Friday. Embraer has a 12 month low of $16.89 and a 12 month high of $40.34. The company has a market cap of $6.93 billion, a P/E ratio of 13.86 and a beta of 1.71. The business’s 50 day moving average is $37.32 and its two-hundred day moving average is $34.03. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Institutional Investors Weigh In On Embraer

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. acquired a new stake in Embraer during the 2nd quarter worth $41,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Embraer during the 2nd quarter valued at about $55,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Embraer by 25.0% in 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 period. Signaturefd LLC increased its stake in Embraer by 7.9% during the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 414 shares in the last quarter. Finally, Brendel Financial Advisors LLC bought a new position in Embraer in the third quarter valued at approximately $202,000. 34.65% of the stock is owned by institutional investors.

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.