Embraer (NYSE:ERJ) Lowered to Sell Rating by UBS Group

Embraer (NYSE:ERJ) was downgraded by UBS Group from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They presently have a $32.00 price target on the aerospace company’s stock, up from their prior price target of $29.00. UBS Group’s target price would indicate a potential downside of 14.69% from the company’s current price.

Several other equities analysts also recently weighed in on the company. Bank of America reaffirmed a “buy” rating and issued a $40.00 target price on shares of Embraer in a research report on Tuesday, September 17th. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and upped their target price for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. Finally, StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Embraer presently has a consensus rating of “Moderate Buy” and an average price target of $35.29.

Embraer Stock Performance

NYSE:ERJ opened at $37.51 on Tuesday. 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 $35.26 and its 200-day moving average price is $31.59. The company has a market cap of $6.89 billion, a P/E ratio of 13.79 and a beta of 1.70. Embraer has a twelve month low of $16.09 and a twelve month high of $39.46.

Hedge Funds Weigh In On Embraer

Several institutional investors have recently made changes to their positions in ERJ. Sei Investments Co. increased its holdings in shares of Embraer by 308.5% during the first quarter. Sei Investments Co. now owns 47,573 shares of the aerospace company’s stock valued at $1,268,000 after purchasing an additional 35,928 shares during the period. Russell Investments Group Ltd. increased its stake in Embraer by 59,594.3% in the 1st quarter. Russell Investments Group Ltd. now owns 51,934 shares of the aerospace company’s stock worth $1,384,000 after purchasing an additional 51,847 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Embraer by 2.6% during the first quarter. Orion Portfolio Solutions LLC now owns 44,535 shares of the aerospace company’s stock valued at $1,186,000 after acquiring an additional 1,139 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of Embraer by 54.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 46,531 shares of the aerospace company’s stock valued at $1,240,000 after purchasing an additional 16,469 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new stake in shares of Embraer during the first quarter worth approximately $268,000. 34.65% of the stock is 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.