StockNews.com Lowers Embraer (NYSE:ERJ) to Hold

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

ERJ has been the subject of several other reports. The Goldman Sachs Group raised their price target 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. lifted their price target on shares of Embraer from $21.00 to $40.00 and gave the stock an overweight rating in a research note on Friday, March 22nd. HSBC downgraded shares of Embraer from a buy rating to a hold rating and increased their price objective for the company from $18.00 to $19.00 in a research report on Tuesday, February 6th. Morgan Stanley lifted their price objective on shares of Embraer from $19.50 to $40.00 and gave the stock an overweight rating in a research report on Thursday, March 14th. 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $29.75.

Embraer Price Performance

ERJ opened at $27.07 on Monday. Embraer has a one year low of $12.48 and a one year high of $27.47. The company has a current ratio of 1.65, a quick ratio of 0.93 and a debt-to-equity ratio of 0.91. The business’s 50 day moving average price is $24.31 and its 200 day moving average price is $19.77.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Monday, March 18th. The aerospace company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.15. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Embraer had a return on equity of 2.80% and a net margin of 3.11%. On average, research analysts forecast that Embraer will post 1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Allworth Financial LP purchased a new stake in Embraer in the third quarter valued at $26,000. Advisors Preferred LLC acquired a new stake in shares of Embraer during the fourth quarter worth about $28,000. PNC Financial Services Group Inc. purchased a new stake in shares of Embraer in the 4th quarter valued at about $30,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Embraer in the 4th quarter valued at about $47,000. Finally, Blue Trust Inc. grew its stake in Embraer by 189.6% during the 4th quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock worth $47,000 after buying an additional 1,678 shares during the last quarter. Institutional investors and hedge funds 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.