Embraer (NYSE:ERJ) Shares Gap Up – Time to Buy?

Embraer S.A. (NYSE:ERJ) gapped up prior to trading on Tuesday . The stock had previously closed at $41.53, but opened at $43.29. Embraer shares last traded at $42.47, with a volume of 156,299 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ERJ. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and boosted their price target for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research note on Saturday. Bank of America increased 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. Finally, TD Cowen raised Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.50.

Embraer Price Performance

The business’s fifty day moving average price is $39.54 and its 200 day moving average price is $36.75. The stock has a market cap of $7.75 billion, a P/E ratio of 15.47 and a beta of 1.71. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new position in Embraer in the fourth quarter valued at about $5,042,000. Ulysses Management LLC bought a new position in Embraer in the 4th quarter valued at approximately $2,017,000. Two Sigma Investments LP boosted its position in Embraer by 27.4% during the 4th quarter. Two Sigma Investments LP now owns 506,051 shares of the aerospace company’s stock worth $18,562,000 after buying an additional 108,740 shares during the period. Shay Capital LLC grew its holdings in Embraer by 53.4% during the 4th quarter. Shay Capital LLC now owns 13,040 shares of the aerospace company’s stock worth $478,000 after acquiring an additional 4,540 shares during the last quarter. Finally, Redwood Investments LLC acquired a new position in Embraer in the 4th quarter valued at approximately $161,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

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.