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

Embraer S.A. (NYSE:ERJ) has received an average rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $37.43.

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

Embraer Stock Performance

Embraer stock opened at $39.01 on Friday. The firm’s fifty day simple moving average is $35.36 and its 200-day simple moving average is $31.72. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. Embraer has a 1-year low of $16.15 and a 1-year high of $39.46.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in Embraer in the 2nd quarter worth $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Embraer in the 2nd quarter worth $44,000. Ashton Thomas Private Wealth LLC bought a new position in Embraer in the 2nd quarter worth $55,000. Northwestern Mutual Wealth Management Co. grew its position in Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 456 shares during the last quarter. Finally, Asset Dedication LLC acquired a new stake in Embraer in the 2nd quarter worth $71,000. Institutional investors 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.