Embraer (NYSE:ERJ) Upgraded to Strong-Buy at TD Cowen

Embraer (NYSE:ERJGet Free Report) was upgraded by stock analysts at TD Cowen to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

A number of other research firms also recently issued reports on ERJ. Bank of America lifted their price objective on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group cut 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.43.

Get Our Latest Report on Embraer

Embraer Trading Up 4.4 %

Shares of Embraer stock opened at $36.58 on Thursday. The stock’s 50-day simple moving average is $36.34 and its 200 day simple moving average is $32.89. The stock has a market capitalization of $6.72 billion, a P/E ratio of 13.45 and a beta of 1.72. Embraer has a 52-week low of $16.88 and a 52-week high of $40.34. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56.

Institutional Investors Weigh In On Embraer

Hedge funds have recently modified their holdings of the business. Virtu Financial LLC lifted its holdings in Embraer by 164.4% in the 3rd quarter. Virtu Financial LLC now owns 37,082 shares of the aerospace company’s stock worth $1,312,000 after purchasing an additional 23,056 shares in the last quarter. Dorsey Wright & Associates boosted its stake in Embraer by 13.5% during the third quarter. Dorsey Wright & Associates now owns 146,873 shares of the aerospace company’s stock worth $5,195,000 after buying an additional 17,484 shares during the period. Orion Portfolio Solutions LLC raised its position in Embraer by 2.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 44,174 shares of the aerospace company’s stock worth $1,562,000 after purchasing an additional 1,241 shares during the period. XTX Topco Ltd bought a new stake in shares of Embraer during the 3rd quarter worth approximately $1,203,000. Finally, State Street Corp boosted its stake in shares of Embraer by 1.3% during the third quarter. State Street Corp now owns 368,662 shares of the aerospace company’s stock valued at $13,040,000 after purchasing an additional 4,666 shares during the period. Institutional investors own 34.65% of the company’s stock.

About Embraer

(Get Free Report)

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.

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