Embraer S.A. (NYSE:ERJ) Short Interest Update

Embraer S.A. (NYSE:ERJ - Get Free Report) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 4,230,000 shares, a decrease of 29.7% from the November 15th total of 6,020,000 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average trading volume of 1,290,000 shares, the short-interest ratio is presently 3.3 days.

Analysts Set New Price Targets

A number of brokerages recently commented on ERJ. TD Cowen upgraded Embraer from a "hold" rating to a "buy" rating and raised their price target for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. UBS Group cut Embraer from a "neutral" rating to a "sell" rating and boosted their price target for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Finally, Bank of America raised their price objective on Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Embraer currently has an average rating of "Moderate Buy" and a consensus target price of $37.43.

Embraer Trading Down 0.7 %

Shares of NYSE:ERJ traded down $0.24 during mid-day trading on Friday, reaching $36.51. 597,722 shares of the company's stock were exchanged, compared to its average volume of 1,571,437. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 13.42 and a beta of 1.72. Embraer has a twelve month low of $16.88 and a twelve month high of $40.34. The business's fifty day moving average price is $36.12 and its 200-day moving average price is $32.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56.

Institutional Investors Weigh In On Embraer

Institutional investors and hedge funds have recently made changes to their positions in the stock. Artemis Investment Management LLP bought a new stake in Embraer in the third quarter valued at approximately $30,358,000. Driehaus Capital Management LLC increased its position in shares of Embraer by 102.5% during the second quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company's stock worth $37,141,000 after buying an additional 728,592 shares during the period. Jennison Associates LLC raised its stake in Embraer by 102.1% during the third quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company's stock worth $47,100,000 after buying an additional 672,644 shares during the last quarter. Nicholas Investment Partners LP boosted its position in Embraer by 424.7% during the second quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company's stock valued at $13,584,000 after acquiring an additional 426,153 shares during the last quarter. Finally, Itau Unibanco Holding S.A. raised its position in shares of Embraer by 54.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company's stock worth $39,343,000 after acquiring an additional 393,696 shares in the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.