StockNews.com Upgrades Embraer (NYSE:ERJ) to “Buy”

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

Several other equities analysts have also issued reports on the stock. TD Cowen raised shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. UBS Group downgraded Embraer from a “neutral” rating to a “sell” rating and increased their price target for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Finally, Bank of America lifted their price objective on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.50.

Embraer Stock Performance

Shares of NYSE:ERJ opened at $42.24 on Friday. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 15.53 and a beta of 1.71. The firm’s 50 day simple moving average is $38.91 and its 200 day simple moving average is $36.07. 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 fifty-two week low of $18.00 and a fifty-two week high of $46.10.

Hedge Funds Weigh In On Embraer

Large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in shares of Embraer in the fourth quarter worth $28,000. SPX Gestao de Recursos Ltda bought a new stake in Embraer during the 4th quarter worth about $37,000. Lindbrook Capital LLC boosted its stake in shares of Embraer by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after buying an additional 389 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Embraer in the 4th quarter valued at about $71,000. Finally, Edmond DE Rothschild Holding S.A. increased its position in shares of Embraer by 71.9% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company’s stock valued at $71,000 after acquiring an additional 809 shares during the last quarter. Institutional investors and hedge funds 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.