Analysts Set Embraer-Empresa Brasileira de Aeronautica (ERJ) PT at $22.20

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) has been given an average recommendation of “Hold” by the thirteen brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $22.20.

A number of research analysts have recently issued reports on the stock. ValuEngine downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Cowen and Company restated a “hold” rating and issued a $24.00 price target on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. BidaskClub upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. Finally, Scotiabank lowered shares of Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, October 17th.

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Large investors have recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC increased its stake in 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 in the last quarter. Global X Management Co. LLC increased its stake in 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 in the last quarter. PNC Financial Services Group Inc. increased its stake in 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 in the last quarter. Driehaus Capital Management LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at $211,000. Finally, Seminole Management Co. Inc. bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter valued at $182,000. Institutional investors own 50.67% of the company’s stock.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) traded down $0.42 during midday trading on Friday, hitting $19.12. 719,801 shares of the stock were exchanged, compared to its average volume of 2,120,000. The firm has a market cap of $3,520.00, a P/E ratio of 8.46, a P/E/G ratio of 0.65 and a beta of 0.34. Embraer-Empresa Brasileira de Aeronautica has a 1 year low of $17.58 and a 1 year high of $24.95. The company has a quick ratio of 1.73, a current ratio of 2.67 and a debt-to-equity ratio of 1.05.

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

The business also recently disclosed a special dividend, which was paid on Monday, October 16th. Stockholders of record on Wednesday, September 20th were paid a $0.0516 dividend. The ex-dividend date was Tuesday, September 19th. This is a positive change from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. Embraer-Empresa Brasileira de Aeronautica’s payout ratio is currently 11.26%.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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

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