Analysts Set Embraer S.A. (NYSE:ERJ) PT at $37.43

Embraer S.A. (NYSE:ERJ) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $37.43.

A number of research analysts recently issued reports on ERJ shares. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. Bank of America boosted 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. TD Cowen raised shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Finally, StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th.

Embraer Stock Performance

Shares of ERJ stock opened at $39.67 on Friday. The company has a market cap of $7.29 billion, a P/E ratio of 14.58 and a beta of 1.71. The business has a 50 day moving average of $37.45 and a two-hundred day moving average of $34.14. Embraer has a 52 week low of $16.89 and a 52 week high of $40.34. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Hedge Funds Weigh In On Embraer

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ballentine Partners LLC lifted its stake in shares of Embraer by 4.0% in the 4th quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company’s stock worth $279,000 after acquiring an additional 296 shares during the period. Townsquare Capital LLC lifted its position in Embraer by 1.2% in the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock worth $920,000 after purchasing an additional 310 shares during the period. Angeles Investment Advisors LLC boosted its stake in 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 purchasing an additional 338 shares in the last quarter. LVW Advisors LLC increased its position 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 purchasing an additional 340 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of Embraer by 1.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock worth $573,000 after buying an additional 390 shares in the last quarter. Institutional investors 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.