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

Embraer (NYSE:ERJ)‘s stock had its “neutral” rating restated by investment analysts at UBS Group in a report issued on Tuesday, MarketBeat Ratings reports. They presently 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 suggests a potential upside of 6.98% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. HSBC cut shares of Embraer from a “buy” rating to a “hold” rating and upped their price objective for the company from $18.00 to $19.00 in a research note on Tuesday, February 6th. The Goldman Sachs Group increased their price target on shares of Embraer from $21.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. increased their price target on shares of Embraer from $21.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley increased their price target on shares of Embraer from $19.50 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $28.93.

Embraer Price Performance

ERJ stock opened at $26.64 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.65 and a quick ratio of 0.93. Embraer has a one year low of $12.48 and a one year high of $27.17. The stock has a market cap of $4.89 billion, a PE ratio of 29.93, a P/E/G ratio of 1.21 and a beta of 1.63. The firm has a 50 day simple moving average of $20.16 and a two-hundred day simple moving average of $17.47.

Institutional Inflows and Outflows

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