Brokerages Set Embraer S.A. (NYSE:ERJ) PT at $37.43

Embraer S.A. (NYSE:ERJ) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $37.43.

Several analysts have commented on the stock. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. UBS Group downgraded Embraer from a “neutral” rating to a “sell” rating and upped their price objective for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, Bank of America raised their target price on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st.

Embraer Trading Up 1.3 %

NYSE ERJ opened at $36.58 on Wednesday. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 13.45 and a beta of 1.72. The business’s fifty day moving average is $36.56 and its 200-day moving average is $33.12. 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 has a one year low of $16.88 and a one year high of $40.34.

Hedge Funds Weigh In On Embraer

Several hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in Embraer by 6.4% in the 2nd quarter. American Century Companies Inc. now owns 2,304,245 shares of the aerospace company’s stock worth $59,450,000 after purchasing an additional 137,695 shares during the period. Renaissance Technologies LLC grew its stake in Embraer by 13.6% during the second quarter. Renaissance Technologies LLC now owns 1,648,800 shares of the aerospace company’s stock valued at $42,539,000 after acquiring an additional 197,600 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in Embraer by 102.5% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock worth $37,141,000 after acquiring an additional 728,592 shares during the period. Jennison Associates LLC lifted its stake in Embraer by 102.1% in the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock worth $47,100,000 after purchasing an additional 672,644 shares in the last quarter. Finally, Itau Unibanco Holding S.A. boosted its holdings in 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 valued at $39,343,000 after purchasing an additional 393,696 shares during the period. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

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.