Shares of Embraer S.A. (NYSE:ERJ) have received a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $8.38.
A number of equities analysts recently commented on ERJ shares. JPMorgan Chase & Co. lifted their target price on shares of Embraer from $9.50 to $13.50 and gave the stock an “overweight” rating in a research report on Tuesday, March 23rd. Cowen reaffirmed a “hold” rating on shares of Embraer in a research note on Thursday, March 25th. Finally, Zacks Investment Research raised shares of Embraer from a “sell” rating to a “hold” rating and set a $12.00 target price on the stock in a research note on Monday, April 12th.
A number of institutional investors have recently added to or reduced their stakes in the stock. Brandes Investment Partners LP raised its stake in Embraer by 1.6% during the fourth quarter. Brandes Investment Partners LP now owns 24,641,463 shares of the aerospace company’s stock valued at $169,288,000 after purchasing an additional 381,534 shares in the last quarter. Oldfield Partners LLP grew its holdings in shares of Embraer by 23.6% in the fourth quarter. Oldfield Partners LLP now owns 5,282,065 shares of the aerospace company’s stock worth $35,971,000 after purchasing an additional 1,009,500 shares during the last quarter. SPX Equities Gestao de Recursos Ltda bought a new position in shares of Embraer in the fourth quarter worth about $15,862,000. Kopernik Global Investors LLC grew its holdings in shares of Embraer by 65.1% in the fourth quarter. Kopernik Global Investors LLC now owns 2,186,666 shares of the aerospace company’s stock worth $14,891,000 after purchasing an additional 862,242 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Embraer by 54.0% during the 3rd quarter. Morgan Stanley now owns 1,675,739 shares of the aerospace company’s stock worth $7,390,000 after acquiring an additional 587,359 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors.
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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