Embraer (NYSE:ERJ) Rating Lowered to “Sell” at UBS Group

Embraer (NYSE:ERJ) was downgraded by UBS Group from a “neutral” rating to a “sell” rating in a report released on Tuesday, MarketBeat reports. They presently have a $32.00 target price on the aerospace company’s stock, up from their prior target price of $29.00. UBS Group’s target price indicates a potential downside of 17.59% from the stock’s previous close.

ERJ has been the subject of a number of other research reports. TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Finally, Bank of America reissued a “buy” rating and issued a $40.00 target price on shares of Embraer in a research note 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 stock. According to MarketBeat, Embraer currently has an average rating of “Moderate Buy” and a consensus target price of $35.29.

Embraer Stock Performance

Embraer stock opened at $38.83 on Tuesday. Embraer has a 1 year low of $16.09 and a 1 year high of $39.46. The company’s 50-day moving average is $35.14 and its two-hundred day moving average is $31.47. 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 cap of $7.13 billion, a PE ratio of 14.28 and a beta of 1.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. bought a new stake in shares of Embraer in the second quarter worth about $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Embraer during the 2nd quarter worth approximately $44,000. Ashton Thomas Private Wealth LLC acquired a new stake in Embraer during the 2nd quarter worth approximately $55,000. Northwestern Mutual Wealth Management Co. lifted its stake in Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after buying an additional 456 shares in the last quarter. Finally, Asset Dedication LLC acquired a new position in shares of Embraer in the second quarter valued at approximately $71,000. 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.