Embraer (NYSE:ERJ) Raised to "Buy" at StockNews.com

Embraer (NYSE:ERJ - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Friday.

Several other equities research analysts also recently commented on the stock. Bank of America upped their target price on shares of Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. TD Cowen raised shares of Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. Finally, UBS Group downgraded shares of Embraer from a "neutral" rating to a "sell" rating and upped their target price for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Embraer presently has an average rating of "Moderate Buy" and an average price target of $40.50.

Embraer Trading Up 0.2 %

Shares of ERJ traded up $0.08 on Friday, reaching $42.24. 1,372,580 shares of the company's stock were exchanged, compared to its average volume of 1,237,642. 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 stock has a market capitalization of $7.76 billion, a P/E ratio of 15.53 and a beta of 1.71. The business has a 50 day moving average price of $39.02 and a two-hundred day moving average price of $36.24. Embraer has a 12 month low of $18.00 and a 12 month high of $46.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Carrhae Capital LLP boosted its holdings in shares of Embraer by 48.1% in the fourth quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock valued at $97,963,000 after buying an additional 866,919 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Embraer by 19.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock valued at $89,465,000 after buying an additional 390,094 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Embraer by 8.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company's stock valued at $81,065,000 after buying an additional 176,182 shares during the period. Jennison Associates LLC boosted its holdings in shares of Embraer by 102.1% in the third quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company's stock valued at $47,100,000 after buying an additional 672,644 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Embraer by 17,140.6% in the fourth quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock valued at $45,323,000 after buying an additional 1,228,468 shares during the period. 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.