Embraer (NYSE:ERJ) Raised to “Buy” at StockNews.com

Embraer (NYSE:ERJ) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Several other equities analysts have also issued reports on the stock. 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. Bank of America lifted their price target on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, TD Cowen upgraded Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.43.

Embraer Stock Up 1.3 %

NYSE ERJ traded up $0.46 during trading on Wednesday, reaching $36.58. 169,120 shares of the company’s stock traded hands, compared to its average volume of 1,550,390. Embraer has a 12-month low of $16.88 and a 12-month high of $40.34. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 13.45 and a beta of 1.72. The company’s 50 day simple moving average is $36.60 and its two-hundred day simple moving average is $33.15.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Artemis Investment Management LLP acquired a new stake in shares of Embraer during the third quarter worth $30,358,000. Driehaus Capital Management LLC grew its stake in Embraer by 102.5% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock valued at $37,141,000 after purchasing an additional 728,592 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Embraer by 102.1% in the third quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock valued at $47,100,000 after purchasing an additional 672,644 shares during the period. Nicholas Investment Partners LP raised its stake in shares of Embraer by 424.7% in the second quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company’s stock worth $13,584,000 after purchasing an additional 426,153 shares during the last quarter. Finally, Itau Unibanco Holding S.A. boosted its position in Embraer by 54.8% in the third quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock valued at $39,343,000 after buying an additional 393,696 shares during the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

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.