Embraer-Empresa Brasileira de Aeronautica (ERJ) Downgraded by TheStreet

TheStreet downgraded shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) from a b- rating to a c rating in a report released on Thursday.

Other equities research analysts have also issued reports about the company. 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 upgraded Embraer-Empresa Brasileira de Aeronautica from a hold rating to a buy rating in a research note on Wednesday, August 9th. Bank of America Corporation set a $27.00 price objective on Embraer-Empresa Brasileira de Aeronautica and gave the stock a buy rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Embraer-Empresa Brasileira de Aeronautica from a sell rating to a hold rating in a research note on Thursday, July 20th. Finally, Cowen and Company restated a hold rating and issued a $24.00 price objective on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $21.67.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) opened at $19.12 on Thursday. The company has a quick ratio of 1.73, a current ratio of 2.67 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $3,511.20, a price-to-earnings ratio of 8.14, a PEG ratio of 0.62 and a beta of 0.34. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $17.58 and a 12 month high of $24.95.

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

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The company also recently announced a special dividend, which was paid on Monday, October 16th. Investors of record on Wednesday, September 20th were issued a $0.0516 dividend. The ex-dividend date was Tuesday, September 19th. This is an increase from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio is currently 11.31%.

A number of institutional investors have recently modified their holdings of ERJ. JFS Wealth Advisors LLC boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 7.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 6,659 shares of the aerospace company’s stock valued at $121,000 after purchasing an additional 470 shares during the last quarter. Global X Management Co. LLC boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 2.3% during the 2nd quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock valued at $137,000 after purchasing an additional 169 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,067 shares of the aerospace company’s stock valued at $199,000 after purchasing an additional 152 shares during the last quarter. Seminole Management Co. Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter valued at about $182,000. Finally, TD Asset Management Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 3rd quarter valued at about $237,000. 50.67% of the stock is owned by institutional investors.

About Embraer-Empresa Brasileira de Aeronautica

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

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