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

Shares of Embraer S.A. (NYSE:ERJ) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $37.43.

Several research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and increased their price objective for the company from $29.00 to $32.00 in a report on Tuesday. Finally, TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and raised their target price for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th.

Hedge Funds Weigh In On Embraer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ERJ. American Century Companies Inc. lifted its position in Embraer by 6.4% in the 2nd quarter. American Century Companies Inc. now owns 2,304,245 shares of the aerospace company’s stock worth $59,450,000 after buying an additional 137,695 shares in the last quarter. Renaissance Technologies LLC lifted its position in Embraer by 13.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,648,800 shares of the aerospace company’s stock worth $42,539,000 after buying an additional 197,600 shares in the last quarter. Driehaus Capital Management LLC lifted its position in Embraer by 102.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock worth $37,141,000 after buying an additional 728,592 shares in the last quarter. Jennison Associates LLC lifted its position in Embraer by 102.1% in the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock worth $47,100,000 after buying an additional 672,644 shares in the last quarter. Finally, Itau Unibanco Holding S.A. lifted its position in 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 worth $39,343,000 after buying an additional 393,696 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Price Performance

Embraer stock opened at $39.01 on Friday. The firm has a 50 day simple moving average of $35.36 and a 200-day simple moving average of $31.72. 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 $16.15 and a 12-month high of $39.46.

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.