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

Shares of Embraer S.A. (NYSE:ERJ) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $37.43.

ERJ has been the topic of several recent research reports. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. Finally, Bank of America boosted their price objective on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Townsquare Capital LLC lifted its holdings in Embraer by 1.2% in the 3rd 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 in the last quarter. Angeles Investment Advisors LLC increased its stake in shares of Embraer by 3.0% during the 3rd quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock valued at $416,000 after acquiring an additional 338 shares during the last quarter. LVW Advisors LLC increased its stake 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 valued at $365,000 after acquiring an additional 340 shares during the last quarter. Pinnacle Associates Ltd. increased its stake in shares of Embraer by 0.6% during the 2nd quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock valued at $1,637,000 after acquiring an additional 385 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Embraer by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock valued at $573,000 after acquiring an additional 390 shares during the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Embraer Price Performance

Shares of ERJ opened at $38.23 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The company’s fifty day moving average is $35.66 and its two-hundred day moving average is $32.07. Embraer has a 1 year low of $16.72 and a 1 year high of $40.34.

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.