Embraer (NYSE:ERJ) Upgraded to Buy by UBS Group

Embraer (NYSE:ERJ) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Thursday, The Fly reports.

Separately, William Blair reissued a “market perform” rating on shares of Embraer in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $26.30.

Shares of ERJ opened at $18.43 on Thursday. The company has a current ratio of 2.17, a quick ratio of 1.24 and a debt-to-equity ratio of 0.85. Embraer has a 12 month low of $16.73 and a 12 month high of $23.68. The stock’s 50 day moving average is $18.66 and its two-hundred day moving average is $19.41. The firm has a market cap of $3.29 billion, a P/E ratio of -61.43 and a beta of -0.11.

Embraer (NYSE:ERJ) last issued its quarterly earnings data on Wednesday, August 14th. The aerospace company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.09. Embraer had a negative return on equity of 2.84% and a negative net margin of 1.49%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the company earned $0.03 earnings per share. Embraer’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities research analysts forecast that Embraer will post -0.36 EPS for the current year.

Several large investors have recently modified their holdings of ERJ. Fisher Asset Management boosted its stake in Embraer by 2.1% during the fourth quarter. Fisher Asset Management now owns 3,955,759 shares of the aerospace company’s stock worth $116,853,000 after buying an additional 80,464 shares during the last quarter. Capstone Asset Management Company boosted its stake in Embraer by 8.3% during the fourth quarter. Capstone Asset Management Company now owns 49,708 shares of the aerospace company’s stock worth $1,468,000 after buying an additional 3,819 shares during the last quarter. Acadian Asset Management boosted its stake in Embraer by 230.0% during the fourth quarter. Acadian Asset Management now owns 239,456 shares of the aerospace company’s stock worth $7,073,000 after buying an additional 166,896 shares during the last quarter. Cornerstone Investment Partners boosted its stake in Embraer by 0.5% during the fourth quarter. Cornerstone Investment Partners now owns 8,539 shares of the aerospace company’s stock worth $252,000 after buying an additional 40 shares during the last quarter. Finally, DNB Asset Management boosted its stake in Embraer by 2.5% during the fourth quarter. DNB Asset Management now owns 45,300 shares of the aerospace company’s stock worth $1,338,162 after buying an additional 1,100 shares during the last quarter. 44.05% of the stock is currently owned by hedge funds and other institutional investors.

About Embraer

Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Defense and Security, Executive Jets, Service & Support, and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.

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Analyst Recommendations for Embraer (NYSE:ERJ)

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