Embraer (NYSE:ERJ) Sees Strong Trading Volume – Still a Buy?

Embraer S.A. (NYSE:ERJ) shares saw an uptick in trading volume on Thursday . 226,044 shares changed hands during trading, a decline of 67% from the previous session’s volume of 694,276 shares.The stock last traded at $39.05 and had previously closed at $38.49.

Wall Street Analysts Forecast Growth

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

Embraer Stock Performance

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 company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 14.41 and a beta of 1.71. The firm has a 50-day simple moving average of $37.45 and a two-hundred day simple moving average of $34.14.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Townsquare Capital LLC increased its holdings in shares of Embraer by 1.2% during 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 increased its holdings 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 holdings 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. Commonwealth Equity Services LLC increased its holdings 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. Finally, Signaturefd LLC increased its holdings in shares of Embraer by 7.9% during the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after acquiring an additional 414 shares during 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.