Embraer (ERJ) Stock Rating Upgraded by TheStreet

Embraer (NYSE:ERJ) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a note issued to investors on Wednesday, January 3rd.

Several other equities analysts have also recently issued reports on the company. ValuEngine cut Embraer from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 3rd. Credit Suisse Group reissued an “outperform” rating on shares of Embraer in a research note on Tuesday, December 26th. Zacks Investment Research cut Embraer from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Bank of America set a $27.00 price target on Embraer and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, JPMorgan Chase & Co. cut Embraer from an “overweight” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research note on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $22.67.

Shares of Embraer (ERJ) traded down $0.36 during trading on Wednesday, reaching $25.18. The company’s stock had a trading volume of 691,595 shares, compared to its average volume of 2,511,712. The company has a quick ratio of 1.73, a current ratio of 2.67 and a debt-to-equity ratio of 1.05. The stock has a market cap of $4,630.00, a PE ratio of 11.24, a P/E/G ratio of 1.62 and a beta of 0.32. Embraer has a 1-year low of $17.58 and a 1-year high of $27.45.

Embraer (NYSE:ERJ) last announced its quarterly earnings results on Friday, October 27th. The aerospace company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.11. Embraer had a return on equity of 10.65% and a net margin of 6.63%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.34 billion. sell-side analysts forecast that Embraer will post 1.81 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in ERJ. First Trust Advisors LP bought a new stake in Embraer in the second quarter worth $1,518,000. Legal & General Group Plc boosted its holdings in Embraer by 32.6% in the second quarter. Legal & General Group Plc now owns 13,433 shares of the aerospace company’s stock worth $245,000 after acquiring an additional 3,300 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Embraer by 277.0% in the second quarter. BNP Paribas Arbitrage SA now owns 54,246 shares of the aerospace company’s stock worth $989,000 after acquiring an additional 39,857 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Embraer by 4.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 65,862 shares of the aerospace company’s stock worth $1,201,000 after acquiring an additional 2,979 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Embraer by 2.9% during the second quarter. JPMorgan Chase & Co. now owns 483,654 shares of the aerospace company’s stock valued at $8,816,000 after purchasing an additional 13,798 shares in the last quarter. 50.09% of the stock is currently owned by institutional investors and hedge funds.

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