Embraer (NYSE:ERJ) Sets New 52-Week High – Should You Buy?

Embraer S.A. (NYSE:ERJ) shares reached a new 52-week high on Tuesday . The stock traded as high as $40.86 and last traded at $40.92, with a volume of 278911 shares traded. The stock had previously closed at $39.38.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. UBS Group downgraded Embraer from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Bank of America lifted their price objective on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, TD Cowen raised Embraer to a “strong-buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Embraer presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.43.

Embraer Stock Performance

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 company has a market cap of $7.47 billion, a price-to-earnings ratio of 14.95 and a beta of 1.71. The firm’s 50-day moving average price is $37.59 and its 200 day moving average price is $34.47.

Institutional Trading of Embraer

A number of institutional investors have recently bought and sold shares of the business. Ballentine Partners LLC raised its holdings in shares of Embraer by 4.0% in the fourth quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company’s stock valued at $279,000 after purchasing an additional 296 shares during the last quarter. Townsquare Capital LLC boosted its position in Embraer by 1.2% during the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock valued at $920,000 after purchasing an additional 310 shares during the last quarter. Angeles Investment Advisors LLC grew its stake in 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 increased its position in shares of Embraer by 3.4% during the 3rd quarter. LVW Advisors LLC now owns 10,320 shares of the aerospace company’s stock worth $365,000 after purchasing an additional 340 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Embraer by 7.9% during 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 in the last quarter. Institutional investors and hedge funds 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.