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

StockNews.com downgraded shares of Embraer (NYSE:ERJ - Free Report) from a buy rating to a hold rating in a research note issued to investors on Monday.

Several other equities research analysts also recently weighed in on the company. Bank of America raised their price target on Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. UBS Group cut shares of Embraer from a "neutral" rating to a "sell" rating and lifted their target price for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. The Goldman Sachs Group boosted their target price 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. Finally, TD Cowen raised shares of Embraer to a "strong-buy" rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.

Embraer Stock Up 1.2 %

Shares of NYSE:ERJ traded up $0.61 during trading on Monday, reaching $51.21. The stock had a trading volume of 893,817 shares, compared to its average volume of 1,572,150. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $9.40 billion, a P/E ratio of 18.85 and a beta of 1.70. The firm's 50-day simple moving average is $42.57 and its 200 day simple moving average is $38.11. Embraer has a one year low of $21.20 and a one year high of $53.19.

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Embraer (NYSE:ERJ - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) 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 analyst estimates of $2.21 billion. As a group, research analysts expect that Embraer will post 2.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Carrhae Capital LLP raised its stake in shares of Embraer by 48.1% during the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock valued at $97,963,000 after buying an additional 866,919 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings in Embraer by 19.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock valued at $89,465,000 after acquiring an additional 390,094 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Embraer by 8.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company's stock worth $81,065,000 after purchasing an additional 176,182 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Embraer by 102.1% during the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company's stock worth $47,100,000 after purchasing an additional 672,644 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Embraer by 17,140.6% during the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock valued at $45,323,000 after purchasing an additional 1,228,468 shares in the last quarter. Hedge funds and other institutional investors own 34.65% of the company's stock.

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.