Embraer S.A. (NYSE:ERJ) Short Interest Update

Embraer S.A. (NYSE:ERJ) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 6,020,000 shares, a growth of 29.7% from the October 31st total of 4,640,000 shares. Based on an average trading volume of 1,430,000 shares, the short-interest ratio is currently 4.2 days. Approximately 3.3% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ERJ shares. Bank of America increased their price target on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and increased their target price for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and boosted their price target for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.43.

Hedge Funds Weigh In On Embraer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ERJ. American Century Companies Inc. increased its position in shares of Embraer by 6.4% during the second quarter. American Century Companies Inc. now owns 2,304,245 shares of the aerospace company’s stock worth $59,450,000 after acquiring an additional 137,695 shares during the period. Renaissance Technologies LLC grew its stake in Embraer by 13.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,648,800 shares of the aerospace company’s stock worth $42,539,000 after purchasing an additional 197,600 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in Embraer by 102.5% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock worth $37,141,000 after purchasing an additional 728,592 shares during the period. Jennison Associates LLC raised its position in Embraer by 102.1% in the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock valued at $47,100,000 after purchasing an additional 672,644 shares in the last quarter. Finally, Itau Unibanco Holding S.A. grew its position in shares of Embraer by 54.8% during the third quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock worth $39,343,000 after buying an additional 393,696 shares in the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Stock Up 0.6 %

Shares of ERJ traded up $0.22 during mid-day trading on Monday, hitting $38.45. 61,831 shares of the company’s stock were exchanged, compared to its average volume of 1,594,851. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 14.06 and a beta of 1.70. The stock’s 50-day moving average is $35.73 and its 200-day moving average is $32.18. Embraer has a fifty-two week low of $16.88 and a fifty-two week high of $40.34.

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.