Embraer (NYSE:ERJ) Upgraded at StockNews.com

StockNews.com upgraded shares of Embraer (NYSE:ERJ - Free Report) from a hold rating to a buy rating in a research note released on Sunday.

Other equities analysts also recently issued research reports about the stock. UBS Group downgraded shares of Embraer from a "neutral" rating to a "sell" rating and raised their target price for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. Bank of America raised 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. Finally, TD Cowen raised shares of Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. One investment 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 company. Based on data from MarketBeat, Embraer currently has an average rating of "Moderate Buy" and a consensus price target of $43.00.

Embraer Trading Up 4.9 %

ERJ stock traded up $2.32 during trading on Friday, reaching $49.97. The company had a trading volume of 4,250,764 shares, compared to its average volume of 1,551,964. Embraer has a 52 week low of $20.74 and a 52 week high of $52.00. The company has a market cap of $9.18 billion, a P/E ratio of 18.37 and a beta of 1.71. The business has a 50 day moving average of $40.52 and a 200 day moving average of $37.24. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76.

Embraer (NYSE:ERJ - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. As a group, sell-side analysts forecast that Embraer will post 2.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Embraer

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