StockNews.com Downgrades Embraer (NYSE:ERJ) to Hold

StockNews.com cut shares of Embraer (NYSE:ERJ) from a buy rating to a hold rating in a research note issued to investors on Saturday.

ERJ has been the topic of several other research reports. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Bank of America raised their target price on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Embraer presently has an average rating of “Moderate Buy” and an average price target of $40.50.

Embraer Stock Down 4.2 %

Embraer stock opened at $41.26 on Friday. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 15.17 and a beta of 1.71. 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’s 50-day moving average price is $39.44 and its two-hundred day moving average price is $36.60. Embraer has a 52 week low of $18.15 and a 52 week high of $46.10.

Hedge Funds Weigh In On Embraer

Several hedge funds have recently made changes to their positions in ERJ. Jones Financial Companies Lllp purchased a new position in shares of Embraer in the fourth quarter worth approximately $28,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Embraer in the fourth quarter worth approximately $37,000. Colonial Trust Co SC purchased a new position in shares of Embraer in the fourth quarter worth approximately $42,000. Lindbrook Capital LLC increased its position in shares of Embraer by 32.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 389 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of Embraer in the fourth quarter worth approximately $71,000. Institutional investors and hedge funds 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.