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

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

Other equities research analysts also recently issued research reports about the stock. Bank of America lifted their target price on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and lifted their price target for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Embraer currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Embraer Price Performance

Shares of ERJ opened at $47.60 on Friday. The company has a market capitalization of $8.74 billion, a P/E ratio of 17.50 and a beta of 1.71. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average of $40.25 and a 200 day moving average of $37.09. Embraer has a twelve month low of $19.08 and a twelve month high of $48.40.

Embraer (NYSE:ERJ) last posted its earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. As a group, equities research analysts anticipate that Embraer will post 2.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ERJ. Jones Financial Companies Lllp purchased a new position in shares of Embraer during the 4th quarter valued at $28,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Embraer during the 4th quarter valued at $37,000. Colonial Trust Co SC purchased a new stake in Embraer in the 4th quarter worth $42,000. Lindbrook Capital LLC lifted its stake in Embraer by 32.9% in 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. Finally, Venturi Wealth Management LLC purchased a new stake in Embraer in the 4th quarter worth $71,000. 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.