Embraer (NYSE:ERJ) was downgraded by Credit Suisse Group to a “hold” rating in a report released on Friday. They presently have a $25.00 target price on the aerospace company’s stock. Credit Suisse Group’s target price points to a potential upside of 3.73% from the stock’s previous close.
ERJ has been the topic of several other research reports. ValuEngine raised Embraer from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 22nd. Cowen reaffirmed a “hold” rating and set a $22.00 price target on shares of Embraer in a research note on Monday, October 30th. JPMorgan Chase & Co. lowered 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. Scotiabank lowered Embraer from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, October 17th. Finally, Bank of America set a $27.00 price target on Embraer and gave the company a “buy” rating in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $22.67.
Shares of Embraer (ERJ) traded down $0.32 during mid-day trading on Friday, hitting $24.10. The stock had a trading volume of 7,448,100 shares, compared to its average volume of 1,326,415. 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 company has a market capitalization of $4,360.00, a PE ratio of 11.16, a PEG ratio of 0.79 and a beta of 0.32. Embraer has a 12 month low of $17.58 and a 12 month high of $26.25.
Large investors have recently added to or reduced their stakes in the business. Thompson Siegel & Walmsley LLC bought a new position in shares of Embraer in the 3rd quarter valued at $49,590,000. Brandes Investment Partners LP raised its holdings in Embraer by 6.6% in the 2nd quarter. Brandes Investment Partners LP now owns 19,847,728 shares of the aerospace company’s stock worth $361,824,000 after acquiring an additional 1,227,021 shares during the last quarter. Franklin Resources Inc. raised its holdings in Embraer by 45.0% in the 2nd quarter. Franklin Resources Inc. now owns 2,844,323 shares of the aerospace company’s stock worth $51,852,000 after acquiring an additional 883,361 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Embraer by 10.1% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,170,429 shares of the aerospace company’s stock worth $148,947,000 after acquiring an additional 747,735 shares during the last quarter. Finally, Holowesko Partners Ltd. raised its holdings in Embraer by 20.9% in the 2nd quarter. Holowesko Partners Ltd. now owns 3,843,250 shares of the aerospace company’s stock worth $70,062,000 after acquiring an additional 665,000 shares during the last quarter. 50.09% of the stock is currently owned by hedge funds and other institutional investors.
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