Embraer-Empresa Brasileira de Aeronautica (ERJ) Stock Rating Upgraded by TheStreet

TheStreet upgraded shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) from a c rating to a b- rating in a research report sent to investors on Thursday morning.

Other equities analysts also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a buy rating to a sell rating and dropped their target price for the company from $26.00 to $18.00 in a report on Thursday. BidaskClub upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a hold rating to a buy rating in a report on Wednesday. Cowen and Company restated a hold rating and set a $24.00 target price on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Tuesday, July 11th. Zacks Investment Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a hold rating to a sell rating in a report on Thursday, July 27th. Finally, ValuEngine upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a buy rating to a strong-buy rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Embraer-Empresa Brasileira de Aeronautica has a consensus rating of Buy and an average target price of $21.60.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) traded up 0.24% during mid-day trading on Thursday, hitting $20.82. 1,398,211 shares of the stock traded hands. The firm’s 50 day moving average price is $19.58 and its 200 day moving average price is $20.92. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 55.67 and a beta of 0.37. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $17.06 and a 12-month high of $24.95.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.18. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.62 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.15% and a return on equity of 11.02%. The business’s revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 EPS. On average, equities research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post $1.68 EPS for the current fiscal year.

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The company also recently declared a special dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, June 15th were paid a dividend of $0.0489 per share. The ex-dividend date was Tuesday, June 13th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio is currently 14.69%.

Several large investors have recently added to or reduced their stakes in ERJ. Quantbot Technologies LP bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at about $101,000. JFS Wealth Advisors LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 7.6% in the second quarter. JFS Wealth Advisors LLC now owns 6,659 shares of the aerospace company’s stock valued at $121,000 after buying an additional 470 shares in the last quarter. Global X Management Co. LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 2.3% in the second quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock valued at $137,000 after buying an additional 169 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 9,067 shares of the aerospace company’s stock valued at $199,000 after buying an additional 152 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 126.4% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,643 shares of the aerospace company’s stock valued at $204,000 after buying an additional 6,500 shares in the last quarter. 49.67% of the stock is currently owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Analyst Recommendations for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

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