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

StockNews.com cut shares of Embraer (NYSE:ERJ) from a buy rating to a hold rating in a research report sent to investors on Monday.

Several other research analysts also recently weighed in on ERJ. The Goldman Sachs Group increased their price target on shares of Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Bank of America raised their price objective on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and raised their price objective for the company 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 research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.00.

Embraer Stock Up 0.0 %

ERJ opened at $50.61 on Monday. 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 $21.20 and a 1-year high of $53.19. The company has a market capitalization of $9.29 billion, a PE ratio of 18.60 and a beta of 1.70. The firm’s 50 day simple moving average is $42.57 and its two-hundred day simple moving average is $38.11.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. As a group, equities analysts forecast that Embraer will post 2.04 EPS for the current year.

Hedge Funds Weigh In On Embraer

Several institutional investors have recently bought and sold shares of the stock. Invesco Ltd. grew its stake in shares of Embraer by 17,140.6% in the 4th 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 in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Embraer in the 4th quarter worth $42,313,000. Carrhae Capital LLP grew its stake 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 worth $97,963,000 after buying an additional 866,919 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of 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 worth $30,247,000 after buying an additional 746,758 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Embraer in the 4th quarter worth $25,024,000. 34.65% of the stock is 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.