Embraer (NYSE:ERJ) Sets New 12-Month High – Here’s What Happened

Shares of Embraer S.A. (NYSE:ERJ) reached a new 52-week high during trading on Tuesday . The stock traded as high as $40.86 and last traded at $40.92, with a volume of 278911 shares trading hands. The stock had previously closed at $39.38.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ERJ shares. TD Cowen raised Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. StockNews.com raised Embraer from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and lifted their target price for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, Bank of America raised their price target on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Embraer presently has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Embraer Stock Up 3.2 %

The company has a market capitalization of $7.47 billion, a P/E ratio of 14.95 and a beta of 1.71. The firm has a 50-day moving average price of $37.59 and a two-hundred day moving average price of $34.47. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Institutional Investors Weigh In On Embraer

A number of institutional investors have recently added to or reduced their stakes in ERJ. Artemis Investment Management LLP bought a new stake in shares of Embraer in the 3rd quarter worth approximately $30,358,000. Driehaus Capital Management LLC lifted its stake in 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 purchasing an additional 728,592 shares during the period. Jennison Associates LLC boosted its holdings in 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 purchasing an additional 672,644 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake 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 valued at $39,343,000 after purchasing an additional 393,696 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of Embraer by 76.5% in the 2nd quarter. Marshall Wace LLP now owns 712,112 shares of the aerospace company’s stock worth $18,372,000 after buying an additional 308,729 shares in the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

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.