Embraer (NYSE:ERJ) Price Target Raised to $55.00 at Bank of America

Embraer (NYSE:ERJ) had its price target increased by Bank of America from $40.00 to $55.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the aerospace company’s stock.

A number of other research analysts have also weighed in on ERJ. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $29.00 to $32.00 in a report on Tuesday. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.43.

Embraer Stock Performance

Shares of Embraer stock traded down $0.21 on Thursday, reaching $38.61. 74,506 shares of the company were exchanged, compared to its average volume of 1,600,530. 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 one year low of $16.15 and a one year high of $39.46. The company has a 50-day moving average of $35.32 and a 200 day moving average of $31.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC grew its holdings in Embraer by 164.4% in the 3rd quarter. Virtu Financial LLC now owns 37,082 shares of the aerospace company’s stock valued at $1,312,000 after buying an additional 23,056 shares in the last quarter. Dorsey Wright & Associates grew its holdings in Embraer by 13.5% in the 3rd quarter. Dorsey Wright & Associates now owns 146,873 shares of the aerospace company’s stock valued at $5,195,000 after buying an additional 17,484 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in Embraer by 2.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 44,174 shares of the aerospace company’s stock valued at $1,562,000 after buying an additional 1,241 shares in the last quarter. XTX Topco Ltd acquired a new position in Embraer in the 3rd quarter valued at $1,203,000. Finally, State Street Corp grew its holdings in shares of Embraer by 1.3% during the 3rd quarter. State Street Corp now owns 368,662 shares of the aerospace company’s stock worth $13,040,000 after purchasing an additional 4,666 shares in the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

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.