Embraer (NYSE:ERJ) Rating Lowered to “Hold” at StockNews.com

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

Other equities analysts also recently issued research reports about the company. Bank of America increased 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. The Goldman Sachs Group lifted their price target on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and lifted their price target for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Embraer has an average rating of “Moderate Buy” and an average price target of $43.00.

Embraer Trading Down 1.6 %

NYSE:ERJ opened at $51.04 on Monday. The stock’s 50 day moving average price is $41.72 and its 200 day moving average price is $37.77. Embraer has a 52 week low of $20.74 and a 52 week high of $53.19. The company has a market capitalization of $9.37 billion, a P/E ratio of 18.76 and a beta of 1.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56.

Embraer (NYSE:ERJ) last released its quarterly earnings data 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 return on equity of 11.61% and a net margin of 8.24%. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. On average, research analysts forecast that Embraer will post 2.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Embraer

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position in Embraer by 5.3% during the fourth quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company’s stock worth $6,514,000 after acquiring an additional 8,938 shares during the period. Ninety One North America Inc. increased its position in Embraer by 14.5% during the fourth quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company’s stock worth $3,098,000 after acquiring an additional 10,665 shares during the period. Stifel Financial Corp increased its position in Embraer by 33.0% during the third quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company’s stock worth $2,661,000 after acquiring an additional 18,656 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Embraer during the third quarter worth $10,611,000. Finally, Thrivent Financial for Lutherans bought a new position in Embraer during the third quarter worth $981,000. 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.