Embraer (NYSE:ERJ) Upgraded at StockNews.com

StockNews.com upgraded shares of Embraer (NYSE:ERJ) from a hold rating to a buy rating in a research note issued to investors on Friday.

Several other brokerages have also recently commented on ERJ. Bank of America lifted their price objective on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. TD Cowen raised shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Finally, UBS Group lowered 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 report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Embraer has an average rating of “Moderate Buy” and a consensus target price of $40.50.

Embraer Stock Performance

Shares of NYSE ERJ opened at $42.24 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. Embraer has a 12 month low of $18.00 and a 12 month high of $46.10. The company has a 50 day simple moving average of $38.91 and a two-hundred day simple moving average of $36.15. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 15.53 and a beta of 1.71.

Institutional Investors Weigh In On Embraer

Several institutional investors and hedge funds have recently added to or reduced their stakes in ERJ. Invesco Ltd. increased its holdings in Embraer by 17,140.6% in the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company’s stock worth $45,323,000 after acquiring an additional 1,228,468 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Embraer during the fourth quarter worth $42,313,000. Carrhae Capital LLP grew its holdings in shares of Embraer by 48.1% during the fourth quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock worth $97,963,000 after buying an additional 866,919 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Embraer by 959.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company’s stock worth $30,247,000 after buying an additional 746,758 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Embraer during the fourth quarter worth $25,024,000. 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.