Embraer (NYSE:ERJ) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Embraer (NYSE:ERJ) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Other equities analysts have also recently issued research reports about the stock. TD Cowen raised shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and increased their target price for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. Finally, Bank of America lifted their price objective on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Embraer presently has a consensus rating of “Moderate Buy” and an average target price of $40.50.

Embraer Stock Up 0.8 %

Shares of Embraer stock opened at $41.55 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The firm has a market cap of $7.63 billion, a P/E ratio of 15.28 and a beta of 1.71. Embraer has a fifty-two week low of $18.16 and a fifty-two week high of $46.10. The business has a 50-day moving average price of $39.54 and a 200 day moving average price of $36.75.

Hedge Funds Weigh In On Embraer

Several institutional investors and hedge funds have recently modified their holdings of ERJ. Public Employees Retirement System of Ohio acquired a new position in shares of Embraer during the 4th quarter worth $5,042,000. Ulysses Management LLC bought a new position in shares of Embraer in the fourth quarter valued at approximately $2,017,000. Two Sigma Investments LP raised its position in shares of Embraer by 27.4% in the fourth quarter. Two Sigma Investments LP now owns 506,051 shares of the aerospace company’s stock valued at $18,562,000 after purchasing an additional 108,740 shares during the period. Shay Capital LLC lifted its stake in shares of Embraer by 53.4% in the fourth quarter. Shay Capital LLC now owns 13,040 shares of the aerospace company’s stock worth $478,000 after buying an additional 4,540 shares during the last quarter. Finally, Redwood Investments LLC bought a new position in Embraer in the 4th quarter worth $161,000. 34.65% of the stock is currently owned by hedge funds and other 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.