Embraer (NYSE:ERJ) Stock Rating Lowered by StockNews.com

Embraer (NYSE:ERJ) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.

ERJ has been the topic of several other research reports. Bank of America boosted their target price on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. Finally, TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.50.

Embraer Stock Performance

Shares of Embraer stock opened at $41.26 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 15.17 and a beta of 1.71. The stock’s 50-day moving average is $39.44 and its 200-day moving average is $36.67. Embraer has a one year low of $18.15 and a one year high of $46.10.

Institutional Investors Weigh In On Embraer

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. increased its holdings in Embraer by 17,140.6% during the fourth quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company’s stock worth $45,323,000 after buying an additional 1,228,468 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Embraer during the 4th quarter worth about $42,313,000. Carrhae Capital LLP raised its holdings in shares of Embraer by 48.1% in the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock valued at $97,963,000 after purchasing an additional 866,919 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Embraer by 959.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company’s stock valued at $30,247,000 after purchasing an additional 746,758 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Embraer in the 4th quarter valued at about $25,024,000. 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.