Embraer (NYSE:ERJ) Upgraded at StockNews.com

StockNews.com upgraded shares of Embraer (NYSE:ERJ) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

A number of other brokerages have also commented on ERJ. Bank of America raised 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. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, UBS Group cut shares of 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 research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.43.

Embraer Trading Up 0.1 %

ERJ opened at $36.45 on Wednesday. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 13.40 and a beta of 1.72. Embraer has a one year low of $16.88 and a one year high of $40.34. The business has a 50 day simple moving average of $36.69 and a two-hundred day simple moving average of $33.22. 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 Investors Weigh In On Embraer

Hedge funds have recently bought and sold shares of the business. Townsquare Capital LLC lifted its holdings in shares of Embraer by 1.2% during the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock valued at $920,000 after purchasing an additional 310 shares during the last quarter. Angeles Investment Advisors LLC boosted its holdings in Embraer by 3.0% in the third quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock worth $416,000 after acquiring an additional 338 shares in the last quarter. LVW Advisors LLC boosted its holdings in Embraer by 3.4% in the third quarter. LVW Advisors LLC now owns 10,320 shares of the aerospace company’s stock worth $365,000 after acquiring an additional 340 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Embraer by 0.6% in the second quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock worth $1,637,000 after acquiring an additional 385 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Embraer by 1.8% in 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. Institutional investors own 34.65% of the company’s stock.

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.