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

StockNews.com upgraded shares of Embraer (NYSE:ERJ) from a hold rating to a buy rating in a research report sent to investors on Saturday.

A number of other equities analysts have also commented on ERJ. UBS Group restated a neutral rating and set a $28.50 price objective (up previously from $21.00) on shares of Embraer in a research note on Tuesday, March 26th. The Goldman Sachs Group raised their price target on shares of Embraer from $21.00 to $35.00 and gave the company a buy rating in a research note on Friday, March 22nd. Morgan Stanley upped their price target on shares of Embraer from $19.50 to $40.00 and gave the stock an overweight rating in a report on Thursday, March 14th. Finally, JPMorgan Chase & Co. lifted their price target on Embraer from $21.00 to $40.00 and gave the company an overweight rating in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $29.75.

Embraer Stock Performance

NYSE:ERJ opened at $25.90 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.71 and a current ratio of 1.51. Embraer has a 12-month low of $12.48 and a 12-month high of $31.12. The stock’s 50 day moving average price is $27.74 and its two-hundred day moving average price is $23.18.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.05. The firm had revenue of $896.60 million for the quarter, compared to analysts’ expectations of $883.92 million. Embraer had a net margin of 4.84% and a return on equity of 5.35%. On average, equities research analysts predict that Embraer will post 1.48 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Boston Partners bought a new stake in Embraer in the first quarter valued at approximately $997,000. Cetera Advisors LLC purchased a new position in shares of Embraer in the 1st quarter worth $781,000. Atria Investments Inc bought a new stake in shares of Embraer during the 1st quarter valued at about $1,671,000. B. Riley Wealth Advisors Inc. grew its position in Embraer by 43.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 37,564 shares of the aerospace company’s stock valued at $1,001,000 after buying an additional 11,318 shares during the period. Finally, 1832 Asset Management L.P. bought a new position in shares of Embraer during the 1st quarter valued at approximately $3,700,000. Hedge funds and other 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.