Embraer (NYSE:ERJ) Sees Large Volume Increase – What’s Next?

Embraer S.A. (NYSE:ERJ) saw an uptick in trading volume on Thursday . 226,044 shares changed hands during mid-day trading, a decline of 67% from the previous session’s volume of 694,276 shares.The stock last traded at $39.05 and had previously closed at $38.49.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ERJ shares. TD Cowen raised Embraer to a “strong-buy” rating in a report on Thursday, December 19th. UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and increased their price target for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. StockNews.com upgraded Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. Finally, 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 report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Embraer has an average rating of “Moderate Buy” and an average price target of $37.43.

Embraer Price Performance

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 company has a market cap of $7.23 billion, a P/E ratio of 14.47 and a beta of 1.71. The firm has a 50 day moving average of $37.58 and a 200-day moving average of $34.27.

Institutional Trading of Embraer

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. purchased a new position in shares of Embraer during the second quarter valued at about $41,000. Northwestern Mutual Wealth Management Co. grew its position in Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 456 shares in the last quarter. Signaturefd LLC increased its stake in Embraer by 7.9% during the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock worth $201,000 after acquiring an additional 414 shares during the last quarter. Brendel Financial Advisors LLC purchased a new stake in Embraer during the third quarter valued at approximately $202,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Embraer in the 3rd quarter valued at approximately $242,000. 34.65% of the stock is currently owned by institutional investors.

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.