StockNews.com Upgrades Embraer (NYSE:ERJ) to Buy

Embraer (NYSE:ERJ) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Several other equities research analysts have also recently weighed in on ERJ. Bank of America upped their price target on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and upped their target price for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. Finally, TD Cowen raised shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Embraer has an average rating of “Moderate Buy” and an average price target of $43.00.

Embraer Trading Up 4.9 %

Shares of ERJ opened at $49.97 on Friday. Embraer has a 1-year low of $20.74 and a 1-year high of $52.00. 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 50-day moving average price is $40.52 and its 200-day moving average price is $37.24. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 18.37 and a beta of 1.71.

Embraer (NYSE:ERJ) last issued its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.21 billion. Sell-side analysts anticipate that Embraer will post 2.04 EPS for the current year.

Institutional Investors Weigh In On Embraer

A number of institutional investors have recently modified their holdings of ERJ. Creative Planning bought a new position in Embraer in the 3rd quarter worth about $329,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Embraer by 82.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,390 shares of the aerospace company’s stock worth $615,000 after buying an additional 7,852 shares in the last quarter. Stephens Inc. AR purchased a new stake in shares of Embraer during the third quarter valued at approximately $725,000. Leavell Investment Management Inc. bought a new stake in shares of Embraer during the third quarter valued at approximately $285,000. Finally, State of New Jersey Common Pension Fund D raised its holdings in Embraer by 27.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 74,721 shares of the aerospace company’s stock worth $2,643,000 after acquiring an additional 15,926 shares during the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

About Embraer

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.