Embraer (NYSE:ERJ) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Embraer (NYSE:ERJ) from a buy rating to a hold rating in a report released on Monday morning.

ERJ has been the subject of a number of other reports. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and lifted their price target for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. The Goldman Sachs Group lifted their price target on shares of Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Bank of America lifted their price objective on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Embraer presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Embraer Price Performance

ERJ stock opened at $50.61 on Monday. Embraer has a 12 month low of $21.20 and a 12 month high of $53.19. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average price of $42.57 and a 200 day moving average price of $38.11. The stock has a market cap of $9.29 billion, a PE ratio of 18.60 and a beta of 1.70.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Equities research analysts anticipate that Embraer will post 2.04 earnings per share for the current year.

Institutional Investors Weigh In On Embraer

Several large investors have recently modified their holdings of ERJ. Jones Financial Companies Lllp bought a new position in shares of Embraer during the 4th quarter worth approximately $28,000. SPX Gestao de Recursos Ltda bought a new position in shares of Embraer during the 4th quarter worth approximately $37,000. Colonial Trust Co SC bought a new position in shares of Embraer during the 4th quarter worth approximately $42,000. Lindbrook Capital LLC raised its stake in shares of Embraer by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 389 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new position in shares of Embraer during the 4th quarter worth approximately $71,000. Institutional investors own 34.65% of the company’s stock.

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.