Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Rating Lowered to Sector Perform at Scotiabank

Scotiabank cut shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) from an outperform rating to a sector perform rating in a research report released on Tuesday, October 17th.

ERJ has been the subject of a number of other reports. Cowen and Company lowered Embraer-Empresa Brasileira de Aeronautica from an outperform rating to a market perform rating and decreased their price objective for the stock from $27.00 to $24.00 in a report on Wednesday, June 21st. ValuEngine lowered Embraer-Empresa Brasileira de Aeronautica from a strong-buy rating to a buy rating in a research note on Friday, September 1st. BidaskClub raised Embraer-Empresa Brasileira de Aeronautica from a buy rating to a strong-buy rating in a research note on Friday, August 25th. Deutsche Bank AG lowered Embraer-Empresa Brasileira de Aeronautica from a buy rating to a hold rating and set a $23.00 price target for the company. in a research note on Tuesday, October 17th. Finally, Zacks Investment Research lowered Embraer-Empresa Brasileira de Aeronautica from a hold rating to a sell rating in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $21.00.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) traded down 3.08% during trading on Tuesday, reaching $19.20. The company’s stock had a trading volume of 1,531,288 shares. The stock has a 50 day moving average price of $22.46 and a 200 day moving average price of $20.59. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $17.58 and a 1-year high of $24.95. The stock has a market capitalization of $3.53 billion, a PE ratio of 13.08 and a beta of 0.34.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its quarterly earnings data on Friday, October 27th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 11.02% and a net margin of 4.15%. Analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post $1.56 earnings per share for the current fiscal year.

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The firm also recently announced a special dividend, which was paid on Monday, October 16th. Shareholders of record on Wednesday, September 20th were given a dividend of $0.0516 per share. This is an increase from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. The ex-dividend date of this dividend was Tuesday, September 19th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio is presently 17.48%.

A number of institutional investors have recently bought and sold shares of the business. Holowesko Partners Ltd. grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 20.9% in the second quarter. Holowesko Partners Ltd. now owns 3,843,250 shares of the aerospace company’s stock valued at $70,062,000 after purchasing an additional 665,000 shares during the last quarter. Comgest Global Investors S.A.S. grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 9.6% in the second quarter. Comgest Global Investors S.A.S. now owns 101,200 shares of the aerospace company’s stock valued at $1,845,000 after purchasing an additional 8,900 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 671.2% in the first quarter. JPMorgan Chase & Co. now owns 469,856 shares of the aerospace company’s stock valued at $10,374,000 after purchasing an additional 408,928 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 10.1% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 8,170,429 shares of the aerospace company’s stock valued at $148,947,000 after purchasing an additional 747,735 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 214.7% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 123,390 shares of the aerospace company’s stock valued at $2,249,000 after purchasing an additional 84,183 shares during the last quarter. 50.79% of the stock is currently owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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

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