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

UBS Group cut shares of Embraer (NYSE:ERJ) from a neutral rating to a sell rating in a research note released on Tuesday morning, Marketbeat.com reports. UBS Group currently has $32.00 price objective on the aerospace company’s stock, up from their prior price objective of $29.00.

ERJ has been the topic of several other research reports. Bank of America reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Embraer in a research note on Tuesday, September 17th. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $41.00 in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.43.

Embraer Price Performance

NYSE:ERJ opened at $39.01 on Tuesday. Embraer has a one year low of $16.15 and a one year high of $39.46. The business has a fifty day moving average price of $35.36 and a 200-day moving average price of $31.72. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56.

Institutional Investors Weigh In On Embraer

Institutional investors and hedge funds have recently modified their holdings of the stock. Brendel Financial Advisors LLC purchased a new position in Embraer during the third quarter valued at $202,000. SteelPeak Wealth LLC purchased a new stake in shares of Embraer in the second quarter worth about $443,000. SG Americas Securities LLC bought a new position in Embraer during the second quarter valued at approximately $2,458,000. Atria Investments Inc purchased a new position in Embraer during the 1st quarter valued at approximately $1,671,000. Finally, Blue Trust Inc. increased its stake in Embraer by 35.7% in the 2nd quarter. Blue Trust Inc. now owns 11,758 shares of the aerospace company’s stock worth $313,000 after acquiring an additional 3,091 shares during the last quarter. Institutional investors own 34.65% of the company’s stock.

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.