Brokerages Set Embraer S.A. (NYSE:ERJ) PT at $37.43

Embraer S.A. (NYSE:ERJ) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $37.43.

A number of equities research analysts have issued reports on ERJ shares. TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and increased their target price for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. 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, UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and increased their target price for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th.

Embraer Stock Down 4.5 %

Embraer stock opened at $38.20 on Friday. Embraer has a 52-week low of $16.25 and a 52-week high of $40.34. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The company’s 50 day moving average is $35.53 and its two-hundred day moving average is $31.98.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. American Century Companies Inc. grew its position in shares of Embraer by 6.4% in the 2nd quarter. American Century Companies Inc. now owns 2,304,245 shares of the aerospace company’s stock valued at $59,450,000 after buying an additional 137,695 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Embraer by 13.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,648,800 shares of the aerospace company’s stock valued at $42,539,000 after buying an additional 197,600 shares during the last quarter. Driehaus Capital Management LLC grew its position in shares of Embraer by 102.5% in 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 buying an additional 728,592 shares during the last quarter. Jennison Associates LLC grew its position in shares of Embraer by 102.1% in the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock valued at $47,100,000 after buying an additional 672,644 shares during the last quarter. Finally, Itau Unibanco Holding S.A. grew its position in shares of Embraer by 54.8% in the 3rd 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 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.