Embraer (NYSE:ERJ) Sees Strong Trading Volume – Still a Buy?

Embraer S.A. (NYSE:ERJ) shares saw unusually-strong trading volume on Thursday . Approximately 226,044 shares were traded during mid-day trading, a decline of 67% from the previous session’s volume of 694,276 shares.The stock last traded at $39.05 and had previously closed at $38.49.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ERJ shares. UBS Group cut Embraer from a “neutral” rating to a “sell” rating and raised their target price for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. TD Cowen upgraded Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Bank of America raised their target price on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Embraer Price Performance

The stock has a 50-day moving average of $37.45 and a two-hundred day moving average of $34.14. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 14.41 and a beta of 1.71. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Townsquare Capital LLC boosted its stake in Embraer by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock worth $920,000 after purchasing an additional 310 shares during the period. Angeles Investment Advisors LLC lifted its holdings 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 in the last quarter. LVW Advisors LLC boosted 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 worth $365,000 after buying an additional 340 shares during the period. Commonwealth Equity Services LLC raised its position in Embraer by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock valued at $573,000 after buying an additional 390 shares during the period. Finally, Signaturefd LLC raised its position in Embraer by 7.9% during the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after buying an additional 414 shares during the period. 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.