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

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

A number of other equities research analysts have also issued reports on the stock. HSBC lowered shares of Embraer from a buy rating to a hold rating and increased their price objective for the company from $18.00 to $19.00 in a report on Tuesday, February 6th. Morgan Stanley lifted their price target on shares of Embraer from $19.50 to $40.00 and gave the company an overweight rating in a report on Thursday, March 14th. UBS Group reissued a neutral rating and set a $28.50 price objective (up previously from $21.00) on shares of Embraer in a report on Tuesday, March 26th. JPMorgan Chase & Co. boosted their target price on Embraer from $21.00 to $40.00 and gave the stock an overweight rating in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group lifted their price objective on Embraer from $21.00 to $35.00 and gave the stock a buy rating in a research note on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $29.75.

Embraer Trading Up 0.1 %

Shares of Embraer stock opened at $26.40 on Monday. Embraer has a fifty-two week low of $12.48 and a fifty-two week high of $27.47. 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 fifty day moving average of $24.74 and a 200 day moving average of $19.95.

Embraer (NYSE:ERJ) last released its quarterly earnings data on Monday, March 18th. The aerospace company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.15. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2.21 billion. Embraer had a return on equity of 2.80% and a net margin of 3.11%. On average, equities analysts forecast that Embraer will post 1.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Embraer

Institutional investors have recently modified their holdings of the stock. Allworth Financial LP purchased a new stake in Embraer during the 3rd quarter valued at $26,000. Advisors Preferred LLC purchased a new stake in shares of Embraer in the fourth quarter valued at $28,000. PNC Financial Services Group Inc. bought a new stake in shares of Embraer in the 4th quarter worth about $30,000. Bruce G. Allen Investments LLC purchased a new position in shares of Embraer during the 4th quarter worth about $47,000. Finally, Blue Trust Inc. grew its holdings in Embraer by 189.6% during 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 during the last quarter. 34.65% of the stock is owned by 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.