Embraer (NYSE:ERJ) Upgraded at StockNews.com

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

A number of other research firms have also commented on ERJ. HSBC lowered Embraer from a buy rating to a hold rating and lifted their target price for the stock from $18.00 to $19.00 in a report on Tuesday, February 6th. The Goldman Sachs Group lifted their target price on Embraer from $21.00 to $35.00 and gave the stock a buy rating in a report on Friday, March 22nd. JPMorgan Chase & Co. lifted their target price on Embraer from $21.00 to $40.00 and gave the stock an overweight rating in a report on Friday, March 22nd. Finally, Morgan Stanley lifted their target price on Embraer from $19.50 to $40.00 and gave the stock an overweight rating in a report on Thursday, March 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $28.93.

Embraer Stock Performance

ERJ stock opened at $26.64 on Tuesday. Embraer has a twelve month low of $12.48 and a twelve month high of $27.25. The company has a quick ratio of 0.93, a current ratio of 1.65 and a debt-to-equity ratio of 0.91. The business has a 50 day moving average of $20.35 and a 200 day moving average of $17.53.

Hedge Funds Weigh In On Embraer

Institutional investors and hedge funds have recently modified their holdings of the company. Advisors Preferred LLC purchased a new position in shares of Embraer in the 4th quarter worth $28,000. PNC Financial Services Group Inc. purchased a new position in shares of Embraer in the 4th quarter worth $30,000. Allworth Financial LP purchased a new position in shares of Embraer in the 3rd quarter worth $26,000. Blue Trust Inc. boosted its stake in shares of Embraer by 189.6% in the 4th quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock worth $47,000 after buying an additional 1,678 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Embraer in the 4th quarter worth $47,000. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

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.