StockNews.com Upgrades Embraer (NYSE:ERJ) to Buy

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

ERJ has been the topic of several other reports. UBS Group lowered shares of 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. TD Cowen raised shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Bank of America lifted their price objective on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.50.

Embraer Stock Performance

Embraer stock opened at $47.60 on Friday. The company has a 50 day moving average price of $40.25 and a 200-day moving average price of $37.09. 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 fifty-two week low of $19.08 and a fifty-two week high of $48.40. The company has a market capitalization of $8.74 billion, a PE ratio of 17.50 and a beta of 1.71.

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

Hedge Funds Weigh In On Embraer

Several institutional investors and hedge funds have recently bought and sold shares of ERJ. Creative Planning purchased a new position in Embraer in the third quarter worth $329,000. Wealth Enhancement Advisory Services LLC grew its holdings in Embraer by 82.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,390 shares of the aerospace company’s stock worth $615,000 after purchasing an additional 7,852 shares during the last quarter. Stephens Inc. AR purchased a new position in Embraer in the third quarter worth $725,000. Leavell Investment Management Inc. purchased a new position in Embraer in the third quarter worth $285,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of Embraer by 27.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 74,721 shares of the aerospace company’s stock valued at $2,643,000 after buying an additional 15,926 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.