Embraer (NYSE:ERJ) Hits New 52-Week High at $10.98

Shares of Embraer S.A. (NYSE:ERJ) reached a new 52-week high on Thursday . The stock traded as high as $10.98 and last traded at $10.88, with a volume of 26013 shares traded. The stock had previously closed at $10.51.

A number of brokerages have weighed in on ERJ. Zacks Investment Research upgraded Embraer from a “sell” rating to a “hold” rating and set a $7.75 price objective for the company in a research note on Wednesday, February 10th. Cowen reiterated a “hold” rating on shares of Embraer in a research note on Thursday, March 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Embraer from $9.50 to $13.50 and gave the company an “overweight” rating in a research note on Tuesday, March 23rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.38.

The business’s 50-day moving average is $9.45 and its two-hundred day moving average is $6.83. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.13 and a current ratio of 2.29. The stock has a market capitalization of $2.02 billion, a PE ratio of -2.06 and a beta of 0.77.

Large investors have recently bought and sold shares of the stock. Van ECK Associates Corp lifted its holdings in Embraer by 1.4% in the fourth quarter. Van ECK Associates Corp now owns 152,114 shares of the aerospace company’s stock valued at $1,036,000 after acquiring an additional 2,162 shares during the period. Aurora Private Wealth Inc. lifted its holdings in Embraer by 9.4% in the fourth quarter. Aurora Private Wealth Inc. now owns 34,208 shares of the aerospace company’s stock valued at $233,000 after acquiring an additional 2,937 shares during the period. Barclays PLC lifted its holdings in Embraer by 9.9% in the fourth quarter. Barclays PLC now owns 39,326 shares of the aerospace company’s stock valued at $267,000 after acquiring an additional 3,540 shares during the period. Lindbrook Capital LLC lifted its holdings in Embraer by 380.9% in the fourth quarter. Lindbrook Capital LLC now owns 5,545 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 4,392 shares during the period. Finally, Truist Financial Corp lifted its holdings in Embraer by 10.5% in the fourth quarter. Truist Financial Corp now owns 51,375 shares of the aerospace company’s stock valued at $350,000 after acquiring an additional 4,877 shares during the period. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Embraer Company Profile (NYSE:ERJ)

Embraer SA designs, develops, manufactures, and sells aircrafts and systems in Brazil, North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. It operates through Defense and Security; Executive Jets; Service & Support; and Other segments. The Defense and Security segment engages in the research, development, production, modification, and support for military defense and security aircraft, as well as offers a range of products and integrated solutions that include radars, special space systems (satellites), and information and communications systems, such as command, control, communications, computer, intelligence, surveillance, and reconnaissance systems.

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