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

StockNews.com lowered shares of Embraer (NYSE:ERJ) from a buy rating to a hold rating in a research report released on Thursday.

Other analysts have also issued reports about the company. Bank of America lifted their price target on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group downgraded Embraer from a “neutral” rating to a “sell” rating and raised their target price for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. Finally, TD Cowen raised Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

Embraer Trading Down 2.6 %

Shares of ERJ stock opened at $44.58 on Thursday. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 16.39 and a beta of 1.71. The stock has a 50-day moving average of $38.37 and a 200-day moving average of $35.53. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. Embraer has a 1-year low of $17.19 and a 1-year high of $46.10.

Embraer (NYSE:ERJ) last posted its earnings results on Friday, November 8th. The aerospace company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.92. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.63 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. During the same quarter last year, the company earned $0.18 earnings per share. On average, equities research analysts forecast that Embraer will post 2.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ERJ. Ballentine Partners LLC grew its stake in shares of Embraer by 4.0% in the 4th quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company’s stock worth $279,000 after buying an additional 296 shares during the last quarter. Townsquare Capital LLC grew its stake in shares of Embraer by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock worth $920,000 after buying an additional 310 shares during the last quarter. Angeles Investment Advisors LLC grew its stake in shares of Embraer by 3.0% in the 3rd quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock worth $416,000 after buying an additional 338 shares during the last quarter. LVW Advisors LLC lifted its position in Embraer by 3.4% in the 3rd quarter. LVW Advisors LLC now owns 10,320 shares of the aerospace company’s stock valued at $365,000 after acquiring an additional 340 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in Embraer by 32.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 389 shares in the last quarter. Hedge funds and other 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.