Embraer S.A. (NYSE:ERJ) Receives $37.43 Consensus PT from Brokerages

Shares of Embraer S.A. (NYSE:ERJ) have earned an average rating of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $37.43.

ERJ has been the topic of several recent analyst reports. UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and raised their price target for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. Finally, Bank of America raised 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.

Embraer Stock Performance

ERJ stock opened at $39.37 on Friday. Embraer has a twelve month low of $16.89 and a twelve month high of $40.34. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 14.47 and a beta of 1.71. The business’s fifty day simple moving average is $37.58 and its two-hundred day simple moving average is $34.33. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Hedge Funds Weigh In On Embraer

A number of large investors have recently bought and sold shares of the business. Sunbelt Securities Inc. purchased a new position in shares of Embraer in the 2nd quarter valued at $41,000. Ashton Thomas Private Wealth LLC bought a new position in Embraer in the second quarter worth about $55,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after buying an additional 456 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Embraer by 7.9% in the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after buying an additional 414 shares in the last quarter. Finally, Brendel Financial Advisors LLC purchased a new position in shares of Embraer in the 3rd quarter worth approximately $202,000. 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.