Embraer (NYSE:ERJ) Sees Unusually-High Trading Volume - Here's Why

Embraer S.A. (NYSE:ERJ - Get Free Report) saw strong trading volume on Thursday . 226,044 shares were traded during mid-day 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.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ERJ. UBS Group downgraded Embraer from a "neutral" rating to a "sell" rating and upped their price target for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. Bank of America increased their price target on Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. StockNews.com upgraded Embraer from a "hold" rating to a "buy" rating in a research note on Wednesday, December 25th. Finally, TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Embraer has an average rating of "Moderate Buy" and a consensus price target of $37.43.

Embraer Trading Down 0.9 %

The stock has a 50-day moving average of $37.54 and a 200 day moving average of $34.18. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The stock has a market cap of $7.23 billion, a PE ratio of 14.47 and a beta of 1.71.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. acquired a new stake in Embraer during the 2nd quarter worth about $41,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock worth $59,000 after buying an additional 456 shares during the last quarter. Signaturefd LLC grew its holdings in Embraer by 7.9% during the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company's stock worth $201,000 after acquiring an additional 414 shares during the period. Brendel Financial Advisors LLC purchased a new position in Embraer during the third quarter valued at approximately $202,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Embraer in the third quarter valued at approximately $242,000. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer Company Profile

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.