Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) has been assigned an average recommendation of “Buy” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $21.00.

Several research firms have issued reports on ERJ. Cowen and Company lowered Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “market perform” rating and cut their price target for the company from $27.00 to $24.00 in a report on Wednesday, June 21st. ValuEngine lowered Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. BidaskClub raised Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong sell” rating in a report on Thursday, May 11th. Finally, TheStreet raised Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a report on Thursday, August 10th.

TRADEMARK VIOLATION WARNING: “Embraer-Empresa Brasileira de Aeronautica (ERJ) Receives $21.00 Consensus Target Price from Brokerages” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.thecerbatgem.com/2017/08/25/embraer-empresa-brasileira-de-aeronautica-erj-receives-21-00-consensus-target-price-from-brokerages.html.

Institutional investors have recently added to or reduced their stakes in the company. Karp Capital Management Corp acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $415,000. Teza Capital Management LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $291,000. World Asset Management Inc raised its position in Embraer-Empresa Brasileira de Aeronautica by 1.9% in the first quarter. World Asset Management Inc now owns 11,527 shares of the aerospace company’s stock worth $255,000 after buying an additional 211 shares during the period. Comerica Bank raised its position in Embraer-Empresa Brasileira de Aeronautica by 1.6% in the first quarter. Comerica Bank now owns 12,358 shares of the aerospace company’s stock worth $236,000 after buying an additional 198 shares during the period. Finally, Henderson Group PLC raised its position in Embraer-Empresa Brasileira de Aeronautica by 17.0% in the first quarter. Henderson Group PLC now owns 343,430 shares of the aerospace company’s stock worth $7,588,000 after buying an additional 50,000 shares during the period. 49.84% of the stock is owned by hedge funds and other institutional investors.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) traded down 1.41% during trading on Tuesday, hitting $21.62. 336,115 shares of the stock traded hands. The company has a 50-day moving average of $20.26 and a 200-day moving average of $20.81. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $17.06 and a 52 week high of $24.95. The firm has a market cap of $15.88 billion, a P/E ratio of 58.43 and a beta of 0.37.

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

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.