Embraer (NYSE:ERJ) Stock Rating Lowered by UBS Group

Embraer (NYSE:ERJ - Get Free Report) was downgraded by equities research analysts at UBS Group from a "neutral" rating to a "sell" rating in a research note issued to investors on Tuesday, MarketBeat reports. They currently have a $32.00 target price on the aerospace company's stock, up from their previous target price of $29.00. UBS Group's target price indicates a potential downside of 15.09% from the stock's previous close.

Other equities analysts also recently issued research reports about the company. TD Cowen upgraded Embraer from a "hold" rating to a "buy" rating and raised their target price for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. StockNews.com downgraded Embraer from a "buy" rating to a "hold" rating in a research report on Tuesday, July 23rd. Finally, Bank of America reiterated a "buy" rating and issued a $40.00 price objective on shares of Embraer in a research report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $35.29.

Embraer Price Performance

Shares of Embraer stock traded down $1.12 during midday trading on Tuesday, hitting $37.69. 2,110,042 shares of the company were exchanged, compared to its average volume of 1,614,292. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The firm has a market cap of $6.92 billion, a P/E ratio of 13.85 and a beta of 1.70. Embraer has a 52 week low of $16.09 and a 52 week high of $39.46. The firm has a 50 day simple moving average of $35.21 and a 200-day simple moving average of $31.55.

Institutional Investors Weigh In On Embraer

Several hedge funds and other institutional investors have recently made changes to their positions in ERJ. Sunbelt Securities Inc. acquired a new stake in shares of Embraer in the 2nd quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Embraer during the second quarter worth $44,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Embraer during the second quarter worth $55,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock worth $59,000 after purchasing an additional 456 shares during the period. Finally, Asset Dedication LLC acquired a new stake in shares of Embraer during the second quarter worth $71,000. 34.65% of the stock is owned by institutional investors and hedge funds.

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.