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

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

A number of other brokerages also recently commented on ERJ. The Goldman Sachs Group boosted their price objective 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 objective on shares of Embraer from $21.00 to $40.00 and gave the stock an overweight rating in a research report on Friday, March 22nd. 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. HSBC downgraded Embraer from a buy rating to a hold rating and lifted their price target for the stock from $18.00 to $19.00 in a report on Tuesday, February 6th. Finally, Morgan Stanley raised their target price on Embraer from $19.50 to $40.00 and gave the stock an overweight rating in a research report on Thursday, March 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Embraer presently has an average rating of Moderate Buy and an average price target of $29.75.

Embraer Trading Down 0.7 %

NYSE:ERJ opened at $26.38 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.65 and a debt-to-equity ratio of 0.91. The company has a 50 day moving average price of $24.61 and a 200 day moving average price of $19.90. Embraer has a fifty-two week low of $12.48 and a fifty-two week high of $27.47.

Embraer (NYSE:ERJ) last announced its quarterly earnings data on Monday, March 18th. The aerospace company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.15. Embraer had a return on equity of 2.80% and a net margin of 3.11%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2.21 billion. As a group, equities analysts forecast that Embraer will post 1.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Embraer

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Preferred LLC acquired a new stake in shares of Embraer in the 4th quarter worth $28,000. PNC Financial Services Group Inc. acquired a new stake in Embraer in the fourth quarter valued at about $30,000. Allworth Financial LP purchased a new stake in Embraer in the 3rd quarter valued at approximately $26,000. Blue Trust Inc. boosted its holdings in Embraer by 189.6% in the 4th quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 1,678 shares in the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new position in Embraer during the 4th quarter worth approximately $47,000. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

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.