Embraer S.A. (NYSE:ERJ) Receives Consensus Rating of “Moderate Buy” from Brokerages

Embraer S.A. (NYSE:ERJ) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $37.43.

A number of research firms have issued reports on ERJ. StockNews.com upgraded Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. Bank of America lifted their target price on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Finally, UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and lifted their price target for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th.

Institutional Investors Weigh In On Embraer

Several large investors have recently added to or reduced their stakes in ERJ. Brendel Financial Advisors LLC purchased a new stake in Embraer during the third quarter valued at about $202,000. Stifel Financial Corp raised its position in shares of Embraer by 33.0% in the third quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company’s stock valued at $2,661,000 after purchasing an additional 18,656 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Embraer during the 3rd quarter valued at approximately $10,611,000. Thrivent Financial for Lutherans bought a new position in Embraer in the 3rd quarter worth approximately $981,000. Finally, XTX Topco Ltd purchased a new position in Embraer in the 3rd quarter valued at approximately $1,203,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Price Performance

Embraer stock opened at $37.64 on Friday. 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 firm’s fifty day moving average price is $37.25 and its two-hundred day moving average price is $33.91. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 13.84 and a beta of 1.71. Embraer has a 1-year low of $16.89 and a 1-year high of $40.34.

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.