Embraer (NYSE:ERJ) Downgraded to “Sell” Rating by UBS Group

UBS Group lowered shares of Embraer (NYSE:ERJ) from a neutral rating to a sell rating in a research report released on Tuesday, Marketbeat reports. UBS Group currently has $32.00 price target on the aerospace company’s stock, up from their prior price target of $29.00.

Other research analysts also recently issued reports about the company. Bank of America restated a “buy” rating and set a $40.00 price objective on shares of Embraer in a research report on Tuesday, September 17th. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and lifted their price target for the company from $26.00 to $41.00 in a report on Wednesday, September 4th. Finally, StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.29.

Embraer Trading Down 2.9 %

NYSE ERJ opened at $37.69 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $35.21 and a 200 day moving average price of $31.55. The stock has a market capitalization of $6.92 billion, a P/E ratio of 13.85 and a beta of 1.70. Embraer has a 52-week low of $16.09 and a 52-week high of $39.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brendel Financial Advisors LLC acquired a new position in Embraer during the 3rd quarter valued at about $202,000. SteelPeak Wealth LLC bought a new stake in shares of Embraer during the 2nd quarter worth $443,000. SG Americas Securities LLC purchased a new position in shares of Embraer in the second quarter worth approximately $2,458,000. Atria Investments Inc purchased a new stake in Embraer in the 1st quarter worth about $1,671,000. Finally, Blue Trust Inc. lifted its position in shares of Embraer by 35.7% in the second quarter. Blue Trust Inc. now owns 11,758 shares of the aerospace company’s stock worth $313,000 after purchasing an additional 3,091 shares in the last quarter. Institutional investors and hedge funds 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.