Embraer S.A. (NYSE:ERJ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Embraer S.A. (NYSE:ERJ) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $37.43.

Several equities analysts recently commented on ERJ shares. Bank of America increased their price objective on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen raised shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. Finally, StockNews.com upgraded Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th.

Embraer Trading Down 0.9 %

Embraer stock opened at $39.37 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The stock has a market cap of $7.23 billion, a PE ratio of 14.47 and a beta of 1.71. The stock has a 50-day moving average of $37.58 and a two-hundred day moving average of $34.33. Embraer has a one year low of $16.89 and a one year high of $40.34.

Hedge Funds Weigh In On Embraer

Several large investors have recently made changes to their positions in ERJ. Sunbelt Securities Inc. purchased a new position in Embraer in the second quarter valued at $41,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Embraer during the 2nd quarter valued at about $55,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 456 shares in the last quarter. Signaturefd LLC raised its holdings in Embraer by 7.9% in the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 414 shares during the period. Finally, Brendel Financial Advisors LLC purchased a new position in Embraer during the third quarter worth approximately $202,000. 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.