Embraer S.A. (NYSE:ERJ) Receives Average Rating of "Moderate Buy" from Brokerages

Embraer S.A. (NYSE:ERJ - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $37.43.

Several brokerages have recently issued reports on ERJ. UBS Group lowered Embraer from a "neutral" rating to a "sell" rating and increased their target price for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. Bank of America increased their price objective on Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, TD Cowen upgraded shares of Embraer from a "hold" rating to a "buy" rating and boosted their target price for the company from $26.00 to $41.00 in a report on Wednesday, September 4th.

Institutional Trading of Embraer

Several institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in shares of Embraer in the second quarter worth approximately $41,000. Ashton Thomas Private Wealth LLC bought a new position in Embraer in the 2nd quarter valued at approximately $55,000. Northwestern Mutual Wealth Management Co. boosted its stake in Embraer by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock valued at $59,000 after purchasing an additional 456 shares during the last quarter. Asset Dedication LLC purchased a new position in shares of Embraer in the second quarter worth $71,000. Finally, Signaturefd LLC lifted its holdings in shares of 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 in the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Trading Down 5.5 %

Shares of NYSE:ERJ traded down $2.05 on Wednesday, hitting $35.03. The company had a trading volume of 1,387,087 shares, compared to its average volume of 1,564,895. The firm's 50-day simple moving average is $36.28 and its two-hundred day simple moving average is $32.86. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 12.88 and a beta of 1.72. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Embraer has a 1 year low of $16.88 and a 1 year high of $40.34.

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.