Embraer (NYSE:ERJ) Price Target Raised to $55.00 at Bank of America

Embraer (NYSE:ERJ) had its price objective increased by Bank of America from $40.00 to $55.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Other equities analysts have also issued research reports about the company. UBS Group lowered 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 research note on Tuesday, November 19th. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and boosted their price target for the company from $26.00 to $41.00 in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Embraer Trading Up 0.5 %

Shares of Embraer stock opened at $39.00 on Thursday. The stock has a market cap of $7.16 billion, a PE ratio of 14.34 and a beta of 1.70. The firm has a fifty day moving average price of $35.36 and a 200 day moving average price of $31.76. Embraer has a 1 year low of $16.15 and a 1 year high of $39.46. 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 Trading of Embraer

A number of institutional investors and hedge funds have recently made changes to their positions in ERJ. Townsquare Capital LLC lifted its position in shares of Embraer by 1.2% during the 3rd quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock valued at $920,000 after buying an additional 310 shares in the last quarter. Angeles Investment Advisors LLC grew its position in shares of Embraer by 3.0% in the third quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock valued at $416,000 after purchasing an additional 338 shares during the period. LVW Advisors LLC grew its position in shares of Embraer by 3.4% in the third quarter. LVW Advisors LLC now owns 10,320 shares of the aerospace company’s stock valued at $365,000 after purchasing an additional 340 shares during the period. Pinnacle Associates Ltd. increased its stake in shares of Embraer by 0.6% during the second quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock worth $1,637,000 after purchasing an additional 385 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Embraer by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock worth $573,000 after purchasing an additional 390 shares during the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

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.