Embraer (ERJ) Upgraded to “Strong-Buy” at ValuEngine

ValuEngine upgraded shares of Embraer (NYSE:ERJ) from a buy rating to a strong-buy rating in a research note released on Thursday morning.

ERJ has been the topic of several other reports. Citigroup raised shares of Embraer to an outperform rating and raised their price target for the stock from $23.00 to $28.00 in a research note on Wednesday, September 26th. Zacks Investment Research downgraded shares of Embraer from a hold rating to a sell rating in a research note on Wednesday, July 25th. Santander upgraded shares of Embraer from an underperform rating to a hold rating in a research report on Thursday, August 23rd. Bank of America restated a buy rating and set a $37.00 price objective on shares of Embraer in a research report on Tuesday, July 24th. Finally, Morgan Stanley upgraded shares of Embraer from an equal rating to an overweight rating and raised their price objective for the stock from $20.90 to $23.50 in a research report on Thursday, August 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $27.13.

Shares of NYSE:ERJ traded down $0.10 during midday trading on Thursday, hitting $23.04. The company’s stock had a trading volume of 722,696 shares, compared to its average volume of 1,200,275. The company has a current ratio of 2.38, a quick ratio of 1.53 and a debt-to-equity ratio of 1.01. The company has a market cap of $4.01 billion, a P/E ratio of 15.16, a P/E/G ratio of 9.60 and a beta of 0.07. Embraer has a 12-month low of $17.99 and a 12-month high of $28.55.

The company also recently disclosed a special dividend, which was paid on Thursday, October 18th. Investors of record on Thursday, September 27th were given a dividend of $0.0095 per share. This represents a yield of 0.11%. The ex-dividend date was Wednesday, September 26th. Embraer’s payout ratio is currently 13.16%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in Embraer by 74.9% during the third quarter. Wells Fargo & Company MN now owns 45,999 shares of the aerospace company’s stock worth $902,000 after purchasing an additional 19,695 shares during the last quarter. Anchor Capital Advisors LLC increased its position in Embraer by 87.6% during the third quarter. Anchor Capital Advisors LLC now owns 91,290 shares of the aerospace company’s stock worth $1,788,000 after purchasing an additional 42,632 shares during the last quarter. Congress Park Capital LLC increased its position in shares of Embraer by 136.3% during the third quarter. Congress Park Capital LLC now owns 44,550 shares of the aerospace company’s stock valued at $873,000 after acquiring an additional 25,700 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Embraer by 91.3% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 22,500 shares of the aerospace company’s stock valued at $441,000 after acquiring an additional 10,737 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Embraer by 15.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 64,917 shares of the aerospace company’s stock valued at $1,272,000 after acquiring an additional 8,463 shares during the last quarter. Hedge funds and other institutional investors own 47.63% of the company’s stock.

Embraer Company Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Defense and Security, Executive Jets, and Other Related Businesses segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Embraer (NYSE:ERJ)

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