Embraer S.A. (NYSE:ERJ) Receives $37.43 Average PT from Brokerages

Embraer S.A. (NYSE:ERJ) has been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $37.43.

Several research firms have recently weighed in on ERJ. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. Finally, Bank of America upped their price target on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st.

Institutional Inflows and Outflows

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

Embraer Trading Up 1.3 %

NYSE ERJ opened at $36.58 on Wednesday. The stock has a market capitalization of $6.72 billion, a P/E ratio of 13.45 and a beta of 1.72. The business has a 50 day simple moving average of $36.56 and a 200 day simple moving average of $33.12. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. Embraer has a one year low of $16.88 and a one year high of $40.34.

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.