Embraer SA (NYSE:ERJ) saw some unusual options trading on Wednesday. Traders bought 8,110 put options on the stock. This is an increase of 1,306% compared to the typical volume of 577 put options.

A number of equities analysts recently issued reports on the company. Morgan Stanley lowered Embraer from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $24.50 to $24.00 in a report on Wednesday, January 16th. ValuEngine lowered Embraer from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Credit Suisse Group lowered Embraer from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 22nd. Cowen reissued a “hold” rating and issued a $24.00 price objective on shares of Embraer in a report on Thursday, January 17th. Finally, Zacks Investment Research lowered Embraer from a “hold” rating to a “strong sell” rating in a report on Monday, January 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $26.75.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its position in Embraer by 5.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the aerospace company’s stock worth $213,000 after purchasing an additional 534 shares during the period. Two Sigma Advisers LP lifted its position in Embraer by 1.1% in the fourth quarter. Two Sigma Advisers LP now owns 123,600 shares of the aerospace company’s stock worth $2,735,000 after purchasing an additional 1,300 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Embraer by 3.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 67,186 shares of the aerospace company’s stock worth $1,487,000 after purchasing an additional 2,269 shares during the period. Panagora Asset Management Inc. lifted its position in Embraer by 8.3% in the third quarter. Panagora Asset Management Inc. now owns 45,051 shares of the aerospace company’s stock worth $883,000 after purchasing an additional 3,468 shares during the period. Finally, Natixis Advisors L.P. lifted its position in Embraer by 6.0% in the fourth quarter. Natixis Advisors L.P. now owns 67,574 shares of the aerospace company’s stock worth $1,495,000 after purchasing an additional 3,826 shares during the period. Hedge funds and other institutional investors own 43.99% of the company’s stock.

Shares of ERJ stock opened at $18.67 on Thursday. Embraer has a 12-month low of $17.99 and a 12-month high of $28.32. The company has a market capitalization of $3.54 billion, a P/E ratio of -62.23, a price-to-earnings-growth ratio of 5.67 and a beta of -0.27. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.33 and a quick ratio of 1.51.

Embraer (NYSE:ERJ) last issued its quarterly earnings data on Thursday, March 14th. The aerospace company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.70 billion. Embraer had a negative return on equity of 1.35% and a negative net margin of 3.51%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. Equities research analysts forecast that Embraer will post 0.2 EPS for the current fiscal year.

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About Embraer

Embraer SA engages in the design, manufacture, and sale of aircraft and its parts for commercial, defense, and executive aviation sectors. It operates through the following segments: Commercial Aviation, Defense and Security, Executive Aviation, and Others. The Commercial Aviation segment is involved in the development, production, and sale of commercial jets; and the provision of support services to regional aviation and aircraft leasing.

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