Embraer's (ERJ) "Sell" Rating Reaffirmed at Credit Suisse Group

Last updated on Saturday, June 12, 2021 | 2021 MarketBeat

Embraer (NYSE:ERJ)'s stock had its "sell" rating reiterated by stock analysts at Credit Suisse Group in a research note issued to investors on Friday, AnalystRatings.com reports. They presently have a $7.10 price objective on the aerospace company's stock. Credit Suisse Group's target price would indicate a potential downside of 56.55% from the company's current price.

A number of other brokerages also recently issued reports on ERJ. JPMorgan Chase & Co. raised their price objective on Embraer from $9.50 to $13.50 and gave the stock an "overweight" rating in a research report on Tuesday, March 23rd. Cowen restated a "hold" rating on shares of Embraer in a research report on Friday, May 21st. Bank of America upgraded Embraer from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $8.00 to $20.00 in a research report on Friday. Finally, Zacks Investment Research upgraded Embraer from a "sell" rating to a "hold" rating and set a $12.00 price objective for the company in a research report on Monday, April 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of "Hold" and an average target price of $13.15.

Embraer stock opened at $16.34 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.45 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $3.01 billion, a P/E ratio of -5.67 and a beta of 0.97. Embraer has a 12 month low of $3.96 and a 12 month high of $16.70. The company has a 50-day moving average price of $12.23.

Embraer (NYSE:ERJ) last posted its earnings results on Thursday, April 29th. The aerospace company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.19). The firm had revenue of $807.30 million during the quarter. Embraer had a negative net margin of 13.42% and a negative return on equity of 15.69%. On average, equities research analysts forecast that Embraer will post -0.72 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brandes Investment Partners LP grew its stake in Embraer by 1.6% during the fourth quarter. Brandes Investment Partners LP now owns 24,641,463 shares of the aerospace company's stock worth $169,288,000 after purchasing an additional 381,534 shares during the period. Becker Capital Management Inc. grew its stake in Embraer by 134.8% during the first quarter. Becker Capital Management Inc. now owns 3,559,358 shares of the aerospace company's stock worth $35,629,000 after purchasing an additional 2,043,575 shares during the period. IPG Investment Advisors LLC grew its stake in Embraer by 125.8% during the first quarter. IPG Investment Advisors LLC now owns 3,059,744 shares of the aerospace company's stock worth $30,628,000 after purchasing an additional 1,704,680 shares during the period. Kopernik Global Investors LLC grew its stake in Embraer by 65.1% during the fourth quarter. Kopernik Global Investors LLC now owns 2,186,666 shares of the aerospace company's stock worth $14,891,000 after purchasing an additional 862,242 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Embraer by 104.8% during the first quarter. Renaissance Technologies LLC now owns 2,057,900 shares of the aerospace company's stock worth $20,600,000 after purchasing an additional 1,053,100 shares during the period. 44.66% of the stock is owned by institutional investors and hedge funds.

Embraer Company Profile

Embraer SA designs, develops, manufactures, and sells aircrafts and systems in Brazil, North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. It operates through Defense and Security; Executive Jets; Service & Support; and Other segments. The Defense and Security segment engages in the research, development, production, modification, and support for military defense and security aircraft, as well as offers a range of products and integrated solutions that include radars, special space systems (satellites), and information and communications systems, such as command, control, communications, computer, intelligence, surveillance, and reconnaissance systems.

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