Embraer (NYSE:ERJ) Rating Increased to Strong-Buy at TD Cowen

TD Cowen upgraded shares of Embraer (NYSE:ERJ - Free Report) to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

Several other research analysts have also commented on ERJ. Bank of America raised their price objective on Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. UBS Group lowered Embraer from a "neutral" rating to a "sell" rating and boosted their price target for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Embraer has an average rating of "Moderate Buy" and an average price target of $37.43.

Embraer Trading Down 1.3 %

ERJ traded down $0.48 during trading on Thursday, hitting $36.10. 765,059 shares of the company's stock were exchanged, compared to its average volume of 1,560,078. The stock has a 50 day moving average price of $36.34 and a 200 day moving average price of $32.89. Embraer has a 1 year low of $16.88 and a 1 year 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 market cap of $6.63 billion, a P/E ratio of 13.27 and a beta of 1.72.

Institutional Investors Weigh In On Embraer

A number of hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. purchased a new position in shares of Embraer during the 2nd quarter valued at approximately $41,000. Ashton Thomas Private Wealth LLC acquired a new position in Embraer during the 2nd quarter worth $55,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock worth $59,000 after purchasing an additional 456 shares during the last quarter. Asset Dedication LLC acquired a new stake in Embraer during the second quarter valued at approximately $71,000. Finally, Signaturefd LLC raised its position 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 in 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.