Embraer S.A. (NYSE:ERJ - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $33.80 and traded as high as $38.12. Embraer shares last traded at $37.63, with a volume of 692,240 shares.
Analyst Ratings Changes
Several research firms recently weighed in on ERJ. StockNews.com upgraded Embraer from a "hold" rating to a "buy" rating in a research report on Wednesday, December 25th. UBS Group downgraded shares of Embraer from a "neutral" rating to a "sell" rating and lifted their price target for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a research report on Thursday, December 19th. Finally, Bank of America raised their price objective on shares of Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Embraer has an average rating of "Moderate Buy" and a consensus target price of $37.43.
Get Our Latest Stock Report on ERJ
Embraer Stock Performance
The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The stock has a 50-day moving average price of $37.16 and a two-hundred day moving average price of $33.80. The stock has a market cap of $6.91 billion, a PE ratio of 13.84 and a beta of 1.71.
Institutional Investors Weigh In On Embraer
Large investors have recently bought and sold shares of the business. Sunbelt Securities Inc. purchased a new position in shares of Embraer in the 2nd quarter worth $41,000. Ashton Thomas Private Wealth LLC purchased a new position in Embraer in the second quarter worth about $55,000. Northwestern Mutual Wealth Management Co. increased its stake in Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock worth $59,000 after acquiring an additional 456 shares during the last quarter. Signaturefd LLC raised its position in Embraer by 7.9% during the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company's stock valued at $201,000 after purchasing an additional 414 shares during the period. Finally, Brendel Financial Advisors LLC bought a new stake in shares of Embraer in the 3rd quarter valued at approximately $202,000. Institutional investors own 34.65% of the company's stock.
About Embraer
(
Get Free Report)
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.
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