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

StockNews.com upgraded shares of Embraer (NYSE:ERJ) from a hold rating to a buy rating in a report published on Wednesday morning.

Several other research firms have also issued reports on ERJ. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and boosted their price target for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. TD Cowen raised shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Bank of America lifted their price target on shares of 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, one has issued a hold 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.43.

Embraer Price Performance

NYSE ERJ opened at $36.45 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $6.69 billion, a P/E ratio of 13.40 and a beta of 1.72. The company has a 50-day moving average price of $36.69 and a 200-day moving average price of $33.22. Embraer has a 52 week low of $16.88 and a 52 week high of $40.34.

Hedge Funds Weigh In On Embraer

A number of hedge funds and other institutional investors have recently modified their holdings of ERJ. Townsquare Capital LLC increased 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 acquiring an additional 310 shares during the last quarter. Angeles Investment Advisors LLC grew its position in shares of Embraer by 3.0% during 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 holdings in shares of Embraer by 3.4% in the third 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. Pinnacle Associates Ltd. lifted its position in shares of Embraer by 0.6% in the second quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock worth $1,637,000 after buying an additional 385 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Embraer by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock valued at $573,000 after buying an additional 390 shares during the last quarter. Institutional investors 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.