Short Interest in Embraer S.A. (NYSE:ERJ) Declines By 7.1%

Embraer S.A. (NYSE:ERJ) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 3,930,000 shares, a decrease of 7.1% from the November 30th total of 4,230,000 shares. Currently, 2.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,180,000 shares, the short-interest ratio is currently 3.3 days.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ERJ. Sunbelt Securities Inc. acquired a new stake in Embraer during the 2nd quarter valued at $41,000. Ashton Thomas Private Wealth LLC acquired a new position in Embraer during the 2nd quarter worth about $55,000. Northwestern Mutual Wealth Management Co. grew its holdings in Embraer by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 456 shares during the last quarter. Asset Dedication LLC acquired a new stake in Embraer in the 2nd quarter valued at about $71,000. Finally, Signaturefd LLC raised its stake in shares of Embraer by 7.9% in the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock worth $201,000 after acquiring an additional 414 shares during the last quarter. Institutional investors own 34.65% of the company’s stock.

Embraer Price Performance

Shares of Embraer stock traded down $0.05 during mid-day trading on Monday, reaching $36.40. 490,203 shares of the stock were exchanged, compared to its average volume of 1,538,365. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 13.38 and a beta of 1.72. Embraer has a fifty-two week low of $16.88 and a fifty-two week high of $40.34. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The firm has a 50-day simple moving average of $36.69 and a 200 day simple moving average of $33.28.

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.