Analysts Set Embraer S.A. (NYSE:ERJ) PT at $37.43

Shares of Embraer S.A. (NYSE:ERJ) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $37.43.

A number of research firms recently issued reports on ERJ. Bank of America increased their target price on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and increased 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 from a “hold” rating to a “buy” rating and increased their target price for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th.

Embraer Stock Performance

NYSE ERJ opened at $38.23 on Friday. Embraer has a 12 month low of $16.72 and a 12 month high of $40.34. The company has a 50-day moving average of $35.66 and a 200-day moving average of $32.07. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Institutional Trading of Embraer

Several large investors have recently bought and sold shares of ERJ. Artemis Investment Management LLP acquired a new stake in Embraer in the third quarter valued at approximately $30,358,000. Driehaus Capital Management LLC boosted its stake in shares of Embraer by 102.5% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock valued at $37,141,000 after buying an additional 728,592 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Embraer by 102.1% during the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock valued at $47,100,000 after buying an additional 672,644 shares during the last quarter. Nicholas Investment Partners LP boosted its stake in shares of Embraer by 424.7% during the 2nd quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company’s stock valued at $13,584,000 after buying an additional 426,153 shares during the last quarter. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of Embraer by 54.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock valued at $39,343,000 after buying an additional 393,696 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

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.