BidaskClub upgraded shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) from a hold rating to a buy rating in a report published on Wednesday morning.

ERJ has been the subject of several other reports. Cowen and Company lowered shares of Embraer-Empresa Brasileira de Aeronautica from an outperform rating to a market perform rating and dropped their price objective for the stock from $27.00 to $24.00 in a research note on Wednesday, June 21st. ValuEngine lowered shares of Embraer-Empresa Brasileira de Aeronautica from a buy rating to a hold rating in a research note on Wednesday, June 7th. Finally, Zacks Investment Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a hold rating to a strong sell rating in a research note on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Embraer-Empresa Brasileira de Aeronautica currently has an average rating of Buy and a consensus price target of $21.60.

Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) traded up 0.24% during mid-day trading on Wednesday, hitting $20.82. 1,398,211 shares of the stock traded hands. The company’s 50 day moving average price is $19.58 and its 200-day moving average price is $20.92. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 92.12 and a beta of 0.37. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $17.06 and a 1-year high of $24.95.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last posted its quarterly earnings data on Friday, July 28th. The aerospace company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.49 by $0.18. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.62 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.15% and a return on equity of 11.02%. Embraer-Empresa Brasileira de Aeronautica’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. Analysts predict that Embraer-Empresa Brasileira de Aeronautica will post $1.68 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “BidaskClub Upgrades Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) to Buy” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.thecerbatgem.com/2017/08/13/bidaskclub-upgrades-embraer-empresa-brasileira-de-aeronautica-nyseerj-to-buy.html.

The firm also recently announced a special dividend, which was paid on Thursday, July 20th. Stockholders of record on Thursday, June 15th were given a dividend of $0.0489 per share. The ex-dividend date of this dividend was Tuesday, June 13th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio (DPR) is 14.69%.

Several hedge funds have recently added to or reduced their stakes in ERJ. OxFORD Asset Management LLP increased its stake in Embraer-Empresa Brasileira de Aeronautica by 6.9% in the second quarter. OxFORD Asset Management LLP now owns 1,816,841 shares of the aerospace company’s stock valued at $33,121,000 after buying an additional 116,744 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Embraer-Empresa Brasileira de Aeronautica by 19.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,765,620 shares of the aerospace company’s stock valued at $68,650,000 after buying an additional 616,851 shares during the last quarter. Renaissance Technologies LLC increased its stake in Embraer-Empresa Brasileira de Aeronautica by 19.8% in the second quarter. Renaissance Technologies LLC now owns 1,789,000 shares of the aerospace company’s stock valued at $32,613,000 after buying an additional 295,500 shares during the last quarter. Vanguard Group Inc. increased its stake in Embraer-Empresa Brasileira de Aeronautica by 9.4% in the second quarter. Vanguard Group Inc. now owns 2,299,584 shares of the aerospace company’s stock valued at $41,921,000 after buying an additional 197,174 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Embraer-Empresa Brasileira de Aeronautica by 3.7% in the second quarter. Northern Trust Corp now owns 380,599 shares of the aerospace company’s stock valued at $6,939,000 after buying an additional 13,558 shares during the last quarter. Hedge funds and other institutional investors own 49.67% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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

Receive News & Stock Ratings for Embraer-Empresa Brasileira de Aeronautica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embraer-Empresa Brasileira de Aeronautica and related stocks with our FREE daily email newsletter.