Embraer (ERJ) Downgraded by Credit Suisse Group

Credit Suisse Group cut shares of Embraer (NYSE:ERJ) to a hold rating in a report issued on Friday. They currently have $25.00 target price on the aerospace company’s stock.

Several other equities analysts have also recently weighed in on ERJ. BidaskClub upgraded shares of Embraer from a buy rating to a strong-buy rating in a research report on Friday, August 25th. ValuEngine cut shares of Embraer from a strong-buy rating to a buy rating in a research report on Friday, September 1st. Cowen reiterated a hold rating and set a $24.00 price objective on shares of Embraer in a research report on Wednesday, September 6th. Zacks Investment Research cut shares of Embraer from a hold rating to a sell rating in a research report on Thursday, October 12th. Finally, Deutsche Bank cut shares of Embraer from a buy rating to a hold rating and set a $23.00 price objective on the stock. in a research report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. Embraer has a consensus rating of Hold and an average price target of $22.67.

Embraer (NYSE ERJ) traded down $0.32 during trading on Friday, reaching $24.10. 7,448,100 shares of the company’s stock traded hands, compared to its average volume of 1,326,415. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.73 and a current ratio of 2.67. The firm has a market capitalization of $4,360.00, a price-to-earnings ratio of 11.16, a price-to-earnings-growth 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.

Embraer (NYSE:ERJ) last posted its quarterly earnings results on Friday, October 27th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.11. Embraer had a net margin of 6.63% and a return on equity of 10.65%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion. analysts predict that Embraer will post 1.81 EPS for the current fiscal year.

The company also recently disclosed a special dividend, which will be paid on Friday, February 2nd. Shareholders of record on Thursday, December 28th will be given a dividend of $0.1079 per share. This is a boost from Embraer’s previous special dividend of $0.05. The ex-dividend date is Wednesday, December 27th. Embraer’s payout ratio is presently 11.57%.

Several large investors have recently modified their holdings of the business. Brandes Investment Partners LP boosted its stake in shares of Embraer by 6.6% during the 2nd quarter. Brandes Investment Partners LP now owns 19,847,728 shares of the aerospace company’s stock valued at $361,824,000 after buying an additional 1,227,021 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Embraer by 10.1% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,170,429 shares of the aerospace company’s stock valued at $148,947,000 after buying an additional 747,735 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Embraer by 9.5% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,115,296 shares of the aerospace company’s stock valued at $138,267,000 after buying an additional 531,605 shares during the period. Holowesko Partners Ltd. boosted its stake in shares of Embraer by 20.9% during the 2nd quarter. Holowesko Partners Ltd. now owns 3,843,250 shares of the aerospace company’s stock valued at $70,062,000 after buying an additional 665,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Embraer by 19.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,765,620 shares of the aerospace company’s stock valued at $68,650,000 after buying an additional 616,851 shares during the period. 50.09% of the stock is owned by institutional investors.

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