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

Embraer (NYSE:ERJ – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Other research analysts also recently issued research reports about the stock. TheStreet upgraded shares of Embraer from a “d+” rating to a “c-” rating in a research report on Wednesday, February 8th. UBS Group started coverage on shares of Embraer in a research report on Monday, January 9th. They set a “buy” rating and a $14.00 price target for the company. Citigroup reduced their price target on shares of Embraer from $13.00 to $11.75 and set a “neutral” rating for the company in a research report on Wednesday, November 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Embraer from $26.00 to $26.50 and gave the stock an “overweight” rating in a research report on Tuesday, December 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Embraer currently has an average rating of “Moderate Buy” and an average target price of $16.45.

Embraer Stock Down 0.1 %

ERJ opened at $12.34 on Tuesday. Embraer has a twelve month low of $7.91 and a twelve month high of $14.08. The company has a quick ratio of 0.92, a current ratio of 1.77 and a debt-to-equity ratio of 1.05. The company has a 50-day moving average price of $12.09 and a 200 day moving average price of $10.90. The company has a market cap of $2.27 billion, a PE ratio of 154.25, a price-to-earnings-growth ratio of 0.83 and a beta of 1.21.

Institutional Trading of Embraer

A number of hedge funds have recently bought and sold shares of ERJ. Eagle Bay Advisors LLC purchased a new stake in shares of Embraer in the 2nd quarter valued at approximately $27,000. Atlas Capital Advisors LLC grew its stake in shares of Embraer by 241.4% in the 3rd quarter. Atlas Capital Advisors LLC now owns 4,404 shares of the aerospace company’s stock valued at $38,000 after buying an additional 3,114 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of Embraer in the 1st quarter valued at approximately $60,000. US Bancorp DE grew its stake in shares of Embraer by 23.0% in the 3rd quarter. US Bancorp DE now owns 7,832 shares of the aerospace company’s stock valued at $67,000 after buying an additional 1,462 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Embraer by 268.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 13,126 shares of the aerospace company’s stock valued at $113,000 after buying an additional 9,562 shares during the period. Institutional investors and hedge funds own 37.89% of the company’s stock.

About Embraer

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Embraer SA engages in the design, manufacture, and sale of aircraft and its parts for commercial, defense, and executive aviation sectors. It operates through the following segments: Commercial Aviation, Defense and Security, Executive Jet Business, Service & Support and Others. The Commercial Aviation segment is involved in the development, production, and sale of commercial jets; and the provision of support services to regional aviation and aircraft leasing.