Embraer (NYSE:ERJ) Downgraded to “Hold” at StockNews.com

StockNews.com lowered shares of Embraer (NYSE:ERJFree Report) from a buy rating to a hold rating in a report published on Friday morning.

A number of other equities research analysts also recently weighed in on the stock. Citigroup raised shares of Embraer from a neutral rating to a buy rating and set a $16.00 target price on the stock in a research note on Monday, October 16th. HSBC downgraded shares of Embraer from a buy rating to a hold rating and raised their target price for the company from $18.00 to $19.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Embraer has a consensus rating of Moderate Buy and a consensus target price of $19.75.

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Embraer Trading Up 3.0 %

Shares of Embraer stock opened at $18.11 on Friday. Embraer has a 12-month low of $12.11 and a 12-month high of $20.13. The company has a market cap of $3.33 billion, a price-to-earnings ratio of -452.75, a PEG ratio of 0.77 and a beta of 1.63. The company has a current ratio of 1.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average price is $18.25 and its 200-day moving average price is $16.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ERJ. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Embraer by 19.8% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,390 shares of the aerospace company’s stock valued at $73,000 after acquiring an additional 890 shares in the last quarter. Atlas Capital Advisors LLC boosted its holdings in Embraer by 4.2% in the second quarter. Atlas Capital Advisors LLC now owns 24,185 shares of the aerospace company’s stock valued at $374,000 after acquiring an additional 978 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Embraer by 6.5% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 17,525 shares of the aerospace company’s stock valued at $323,000 after acquiring an additional 1,070 shares in the last quarter. Raymond James & Associates boosted its holdings in Embraer by 5.8% in the fourth quarter. Raymond James & Associates now owns 19,556 shares of the aerospace company’s stock valued at $214,000 after acquiring an additional 1,072 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Embraer by 10.5% in the first quarter. HighTower Advisors LLC now owns 15,106 shares of the aerospace company’s stock valued at $188,000 after acquiring an additional 1,433 shares in the last quarter. Institutional investors own 34.65% of the company’s stock.

About Embraer

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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.

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