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

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

Other analysts have also issued research reports about the company. Morgan Stanley upped their price objective on Embraer from $19.50 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. HSBC lowered Embraer from a “buy” rating to a “hold” rating and upped their price objective for the stock from $18.00 to $19.00 in a research report on Tuesday, February 6th. The Goldman Sachs Group upped their price objective on Embraer from $21.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. upped their price objective on Embraer from $21.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Finally, UBS Group reissued a “neutral” rating and issued a $28.50 target price (up previously from $21.00) on shares of Embraer in a report on Tuesday, March 26th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Embraer presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.75.

Embraer Trading Down 1.9 %

Shares of NYSE ERJ opened at $26.57 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.65 and a quick ratio of 0.93. Embraer has a 52-week low of $12.48 and a 52-week high of $27.47. The business’s 50 day moving average is $24.31 and its two-hundred day moving average is $19.77.

Embraer (NYSE:ERJ) last announced its earnings results on Monday, March 18th. The aerospace company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.15. Embraer had a return on equity of 2.80% and a net margin of 3.11%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2.21 billion. As a group, equities research analysts predict that Embraer will post 1.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Embraer

Large investors have recently bought and sold shares of the business. Allworth Financial LP purchased a new position in Embraer in the third quarter valued at $26,000. Advisors Preferred LLC acquired a new position in Embraer in the fourth quarter valued at $28,000. PNC Financial Services Group Inc. acquired a new position in Embraer in the fourth quarter valued at $30,000. Bruce G. Allen Investments LLC acquired a new position in Embraer in the fourth quarter valued at $47,000. Finally, Blue Trust Inc. boosted its stake in Embraer by 189.6% in the fourth quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock valued at $47,000 after acquiring an additional 1,678 shares in the last quarter. Hedge funds and other 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.