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

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

Several other analysts also recently issued reports on ERJ. UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. TD Cowen upgraded Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Bank of America boosted their price target on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Embraer currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Embraer Price Performance

NYSE ERJ opened at $44.58 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 16.39 and a beta of 1.71. Embraer has a 1-year low of $17.19 and a 1-year high of $46.10. The business’s fifty day moving average price is $38.37 and its 200-day moving average price is $35.53.

Embraer (NYSE:ERJ) last posted its quarterly earnings data on Friday, November 8th. The aerospace company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.28 by $0.92. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.63 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. During the same period in the prior year, the business posted $0.18 EPS. On average, equities analysts predict that Embraer will post 2.06 earnings per share for the current year.

Institutional Trading of Embraer

Several large investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC lifted its stake in 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. Raymond James Financial Inc. acquired a new position in shares of Embraer in the fourth quarter valued at approximately $2,453,000. Assetmark Inc. boosted its stake in shares of Embraer by 275,514.3% in the fourth quarter. Assetmark Inc. now owns 77,172 shares of the aerospace company’s stock valued at $2,831,000 after buying an additional 77,144 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Embraer during the fourth quarter worth $25,024,000. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Embraer in the fourth quarter valued at $28,000. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

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.