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

Embraer (NYSE:ERJ) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

A number of other brokerages have also commented on ERJ. The Goldman Sachs Group boosted their price target on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and boosted their price target for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, Bank of America upped their target price on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Embraer has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Embraer Stock Down 0.7 %

Embraer stock opened at $50.66 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Embraer has a 12-month low of $20.74 and a 12-month high of $53.19. The firm’s fifty day moving average is $42.29 and its 200 day moving average is $38.02. The company has a market capitalization of $9.30 billion, a PE ratio of 18.63 and a beta of 1.70.

Embraer (NYSE:ERJ) last released its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.47. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. As a group, sell-side analysts predict that Embraer will post 2.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Embraer

Several institutional investors have recently added to or reduced their stakes in the stock. Ballentine Partners LLC grew its position in Embraer by 4.0% during the fourth quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company’s stock valued at $279,000 after buying an additional 296 shares during the period. Townsquare Capital LLC grew its position in Embraer by 1.2% during the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock valued at $920,000 after buying an additional 310 shares during the period. Angeles Investment Advisors LLC grew its position in Embraer by 3.0% during the third quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock valued at $416,000 after buying an additional 338 shares during the period. LVW Advisors LLC grew its position in Embraer by 3.3% during the fourth quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company’s stock valued at $391,000 after buying an additional 340 shares during the period. Finally, Lindbrook Capital LLC grew its position in Embraer by 32.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after buying an additional 389 shares during the period. Institutional investors own 34.65% of the company’s stock.

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.