Embraer-Empresa Brasileira de Aeronautica (ERJ) Downgraded by TheStreet to “C”

TheStreet cut shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) from a b- rating to a c rating in a research note issued to investors on Thursday.

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

Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) opened at $19.12 on Thursday. 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 cap of $3,511.20, a price-to-earnings ratio of 8.14, a P/E/G ratio of 0.62 and a beta of 0.34. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.67 and a quick ratio of 1.73.

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

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The firm also recently declared 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 a positive change 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 11.31%.

A number of hedge funds and other institutional investors have recently bought and sold shares of ERJ. FMR LLC boosted its position in Embraer-Empresa Brasileira de Aeronautica by 66.8% during the first quarter. FMR LLC now owns 1,074,942 shares of the aerospace company’s stock valued at $23,735,000 after buying an additional 430,642 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 1.7% during the first quarter. PNC Financial Services Group Inc. now owns 9,067 shares of the aerospace company’s stock valued at $199,000 after acquiring an additional 152 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 3.2% during the first quarter. Vanguard Group Inc. now owns 2,102,410 shares of the aerospace company’s stock valued at $46,421,000 after acquiring an additional 65,411 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 5.1% during the first quarter. AQR Capital Management LLC now owns 99,959 shares of the aerospace company’s stock valued at $2,207,000 after acquiring an additional 4,842 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 11.2% during the first quarter. Goldman Sachs Group Inc. now owns 667,212 shares of the aerospace company’s stock valued at $14,732,000 after acquiring an additional 67,267 shares during the last quarter. Institutional investors and hedge funds own 50.67% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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

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