Embraer (NYSE:ERJ) Stock Rating Reaffirmed by UBS Group

Embraer (NYSE:ERJ)‘s stock had its “neutral” rating reiterated by research analysts at UBS Group in a report released on Tuesday, Marketbeat Ratings reports. They currently have a $28.50 price objective on the aerospace company’s stock, up from their prior price objective of $21.00. UBS Group’s price target would suggest a potential upside of 6.98% from the stock’s previous close.

Several other research firms have also weighed in on ERJ. StockNews.com upgraded Embraer from a “hold” rating to a “buy” rating in a report on Tuesday. 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. 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. Finally, 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. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $28.93.

Embraer Stock Down 0.4 %

NYSE:ERJ opened at $26.64 on Tuesday. The stock’s fifty day simple moving average is $20.16 and its 200-day simple moving average is $17.47. 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 firm has a market capitalization of $4.89 billion, a P/E ratio of 29.93, a P/E/G ratio of 1.21 and a beta of 1.63. Embraer has a 12-month low of $12.48 and a 12-month high of $27.17.

Institutional Trading of Embraer

Several hedge funds and other institutional investors have recently modified their holdings of ERJ. Brandes Investment Partners LP increased its position in shares of Embraer by 1.6% in the third quarter. Brandes Investment Partners LP now owns 17,880,297 shares of the aerospace company’s stock valued at $245,318,000 after acquiring an additional 285,282 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Embraer by 148.1% in the first quarter. Renaissance Technologies LLC now owns 2,869,400 shares of the aerospace company’s stock valued at $36,183,000 after acquiring an additional 1,712,800 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Embraer by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,142,006 shares of the aerospace company’s stock valued at $35,065,000 after acquiring an additional 46,572 shares during the last quarter. BlackRock Inc. increased its position in shares of Embraer by 30.2% in the first quarter. BlackRock Inc. now owns 2,012,196 shares of the aerospace company’s stock valued at $25,374,000 after acquiring an additional 466,642 shares during the last quarter. Finally, Itau Unibanco Holding S.A. increased its position in shares of Embraer by 69.3% in the third quarter. Itau Unibanco Holding S.A. now owns 1,431,059 shares of the aerospace company’s stock valued at $19,634,000 after acquiring an additional 586,027 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

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.