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

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

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

Embraer Price Performance

Shares of Embraer stock opened at $26.57 on Monday. Embraer has a one year low of $12.48 and a one year high of $27.47. The stock’s fifty day moving average is $24.31 and its 200 day moving average is $19.77. The company has a quick ratio of 0.93, a current ratio of 1.65 and a debt-to-equity ratio of 0.91.

Embraer (NYSE:ERJ) last announced its earnings results on Monday, March 18th. The aerospace company reported $0.42 EPS for the quarter, topping 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 analysts’ expectations of $2.21 billion. On average, equities research analysts forecast that Embraer will post 1.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Embraer

Large investors have recently made changes to their positions in the company. Allworth Financial LP purchased a new position in Embraer in the third quarter worth about $26,000. Advisors Preferred LLC purchased a new position in Embraer in the fourth quarter worth about $28,000. PNC Financial Services Group Inc. purchased a new position in Embraer in the fourth quarter worth about $30,000. Bruce G. Allen Investments LLC purchased a new position in Embraer in the fourth quarter worth about $47,000. Finally, Blue Trust Inc. grew its position in Embraer by 189.6% in the fourth quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock worth $47,000 after acquiring an additional 1,678 shares in the last quarter. 34.65% of the stock is owned by institutional investors.

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.