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

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

Several equities research analysts recently commented on ERJ shares. UBS Group downgraded 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 report on Tuesday, November 19th. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Bank of America raised their price target on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th.

Embraer Trading Up 3.1 %

NYSE:ERJ opened at $39.67 on Friday. The business’s 50-day moving average is $37.45 and its two-hundred day moving average is $34.14. The firm has a market capitalization of $7.29 billion, a PE ratio of 14.58 and a beta of 1.71. Embraer has a 12 month low of $16.89 and a 12 month high of $40.34. 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 Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ERJ. Bank of New York Mellon Corp acquired a new position in Embraer in the second quarter worth about $349,000. Commonwealth Equity Services LLC grew 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 acquiring an additional 390 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Embraer in the 2nd quarter valued at approximately $55,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Embraer during the 2nd quarter valued at approximately $1,517,000. Finally, American Century Companies Inc. lifted its stake in Embraer by 6.4% during the second quarter. American Century Companies Inc. now owns 2,304,245 shares of the aerospace company’s stock worth $59,450,000 after purchasing an additional 137,695 shares during the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

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.