Embraer S.A. (NYSE:ERJ) Short Interest Update

Embraer S.A. (NYSE:ERJ) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 6,020,000 shares, a growth of 29.7% from the October 31st total of 4,640,000 shares. Based on an average daily trading volume, of 1,430,000 shares, the short-interest ratio is currently 4.2 days. Currently, 3.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Embraer

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. acquired a new stake in shares of Embraer in the second quarter valued at about $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Embraer in the 2nd quarter worth about $44,000. Ashton Thomas Private Wealth LLC purchased a new stake in Embraer during the 2nd quarter worth approximately $55,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 456 shares during the last quarter. Finally, Asset Dedication LLC acquired a new position in shares of Embraer during the second quarter valued at approximately $71,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and upped their target price for the stock from $26.00 to $41.00 in a research note on Wednesday, September 4th. Bank of America upped 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. Finally, UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and lifted their target price for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Embraer currently has a consensus rating of “Moderate Buy” and an average target price of $37.43.

Embraer Stock Up 0.1 %

Embraer stock opened at $38.23 on Monday. 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 stock has a market capitalization of $7.02 billion, a PE ratio of 14.06 and a beta of 1.70. The business has a 50 day simple moving average of $35.73 and a 200-day simple moving average of $32.18. Embraer has a 12 month low of $16.72 and a 12 month 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.