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

Embraer (NYSE:ERJ) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

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

Embraer Stock Up 1.6 %

ERJ opened at $42.11 on Friday. The stock has a market cap of $7.73 billion, a PE ratio of 15.48 and a beta of 1.71. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Embraer has a 52 week low of $17.75 and a 52 week high of $46.10. The business’s fifty day simple moving average is $38.82 and its 200 day simple moving average is $35.98.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Barclays PLC purchased a new stake in Embraer during the fourth quarter valued at approximately $471,000. Townsquare Capital LLC raised its holdings in Embraer by 1.7% during the 4th quarter. Townsquare Capital LLC now owns 26,461 shares of the aerospace company’s stock valued at $971,000 after buying an additional 454 shares during the period. Harbert Fund Advisors Inc. lifted its position in Embraer by 128.1% in the fourth quarter. Harbert Fund Advisors Inc. now owns 32,500 shares of the aerospace company’s stock worth $1,192,000 after buying an additional 18,250 shares during the last quarter. CenterBook Partners LP boosted its stake in Embraer by 25.9% during the fourth quarter. CenterBook Partners LP now owns 21,995 shares of the aerospace company’s stock worth $807,000 after buying an additional 4,526 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Embraer during the fourth quarter valued at $2,453,000. Institutional investors own 34.65% of the company’s stock.

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.