Bank of America Boosts Embraer (NYSE:ERJ) Price Target to $55.00

Embraer (NYSE:ERJ) had its price target boosted by equities research analysts at Bank of America from $40.00 to $55.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Bank of America‘s target price indicates a potential upside of 40.99% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and increased their target price for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $29.00 to $32.00 in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Embraer has a consensus rating of “Moderate Buy” and an average target price of $37.43.

Embraer Trading Up 0.5 %

NYSE:ERJ opened at $39.01 on Thursday. Embraer has a twelve month low of $16.15 and a twelve month high of $39.46. The business has a 50 day moving average price of $35.36 and a two-hundred day moving average price of $31.72. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ERJ. Sei Investments Co. grew its holdings in Embraer by 308.5% during the first quarter. Sei Investments Co. now owns 47,573 shares of the aerospace company’s stock worth $1,268,000 after purchasing an additional 35,928 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Embraer by 59,594.3% during the 1st quarter. Russell Investments Group Ltd. now owns 51,934 shares of the aerospace company’s stock worth $1,384,000 after acquiring an additional 51,847 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Embraer by 54.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 46,531 shares of the aerospace company’s stock valued at $1,240,000 after acquiring an additional 16,469 shares during the period. Seven Eight Capital LP acquired a new stake in Embraer during the 1st quarter valued at $268,000. Finally, Advisors Asset Management Inc. boosted its position in Embraer by 33.2% during the first quarter. Advisors Asset Management Inc. now owns 5,598 shares of the aerospace company’s stock worth $149,000 after purchasing an additional 1,394 shares during the period. 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.