Brokerages Set Embraer S.A. (NYSE:ERJ) PT at $40.50

Embraer S.A. (NYSE:ERJ) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $40.50.

ERJ has been the topic of a number of research reports. Bank of America upped their price target on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group downgraded Embraer from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. TD Cowen upgraded Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.

Embraer Stock Down 0.8 %

ERJ stock opened at $41.46 on Thursday. Embraer has a 52 week low of $17.46 and a 52 week high of $46.10. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The company has a market cap of $7.61 billion, a P/E ratio of 15.24 and a beta of 1.71. The company’s 50-day moving average price is $38.73 and its 200 day moving average price is $35.94.

Institutional Trading of Embraer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ERJ. Carrhae Capital LLP lifted its holdings in Embraer by 48.1% in the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock valued at $97,963,000 after purchasing an additional 866,919 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Embraer by 8.7% in 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 buying an additional 176,182 shares during the last quarter. Jennison Associates LLC lifted its stake 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 buying an additional 672,644 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Embraer during the fourth quarter worth approximately $42,313,000. Finally, Itau Unibanco Holding S.A. grew its stake 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 worth $39,343,000 after acquiring an additional 393,696 shares during the period. Hedge funds and other institutional investors 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.