Embraer (NYSE:ERJ) Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of Embraer (NYSE:ERJ) from a buy rating to a hold rating in a report published on Tuesday morning.

Separately, UBS Group upped their price objective on Embraer from $28.50 to $29.00 and gave the company a neutral rating in a research report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $29.83.

Embraer Stock Performance

Embraer stock opened at $29.30 on Tuesday. 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 one year low of $12.48 and a one year high of $31.27. The stock has a fifty day moving average of $28.38 and a 200 day moving average of $24.42.

Embraer (NYSE:ERJ) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. The company had revenue of $896.60 million during the quarter, compared to analysts’ expectations of $883.92 million. Embraer had a return on equity of 5.35% and a net margin of 4.84%. Analysts forecast that Embraer will post 1.3 EPS for the current fiscal year.

Institutional Trading of Embraer

Several hedge funds have recently bought and sold shares of ERJ. Simplicity Wealth LLC bought a new position in shares of Embraer in the first quarter worth about $18,158,000. TimesSquare Capital Management LLC bought a new position in shares of Embraer in the first quarter worth about $10,754,000. Jennison Associates LLC bought a new position in shares of Embraer in the first quarter worth about $9,818,000. Perpetual Ltd boosted its stake in shares of Embraer by 88.4% in the first quarter. Perpetual Ltd now owns 623,645 shares of the aerospace company’s stock worth $16,614,000 after acquiring an additional 292,630 shares during the period. Finally, Banco BTG Pactual S.A. purchased a new stake in shares of Embraer in the fourth quarter worth about $4,662,000. Institutional investors own 34.65% of the company’s stock.

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.