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

StockNews.com lowered shares of Embraer (NYSE:ERJ) from a buy rating to a hold rating in a research note published on Sunday.

A number of other analysts have also issued reports on ERJ. Morgan Stanley boosted their price objective on Embraer from $19.50 to $40.00 and gave the company an overweight rating in a research note on Thursday, March 14th. The Goldman Sachs Group upped their target price on Embraer from $21.00 to $35.00 and gave the stock a buy rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. upped their target price on Embraer from $21.00 to $40.00 and gave the stock an overweight rating in a research note on Friday, March 22nd. Finally, UBS Group upped their target price on Embraer from $28.50 to $29.00 and gave the stock a neutral rating in a research note on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Embraer has an average rating of Moderate Buy and a consensus price target of $29.83.

Embraer Price Performance

NYSE:ERJ opened at $29.41 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.83. Embraer has a 52-week low of $12.48 and a 52-week high of $31.12. The business’s fifty day moving average is $27.97 and its 200 day moving average is $23.52.

Embraer (NYSE:ERJ) last released its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. Embraer had a return on equity of 5.35% and a net margin of 4.84%. The company had revenue of $896.60 million for the quarter, compared to analyst estimates of $883.92 million. As a group, equities research analysts forecast that Embraer will post 1.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Embraer

Several institutional investors have recently modified their holdings of ERJ. Vanguard Personalized Indexing Management LLC boosted its holdings in Embraer by 6.5% during the 4th 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 during the period. Orion Portfolio Solutions LLC boosted its holdings in Embraer by 2.6% during the 1st quarter. Orion Portfolio Solutions LLC now owns 44,535 shares of the aerospace company’s stock valued at $1,186,000 after acquiring an additional 1,139 shares during the period. Advisors Asset Management Inc. boosted its holdings in Embraer by 33.2% during the 1st quarter. Advisors Asset Management Inc. now owns 5,598 shares of the aerospace company’s stock valued at $149,000 after acquiring an additional 1,394 shares during the period. Advisors Preferred LLC purchased a new stake in Embraer during the 4th quarter valued at about $28,000. Finally, PNC Financial Services Group Inc. purchased a new stake in Embraer during the 4th quarter valued at about $30,000. 34.65% of the stock is currently 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.