Cowen and Company reiterated their hold rating on shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) in a research note issued to investors on Wednesday. The firm currently has a $24.00 price target on the aerospace company’s stock.

“ERJ’s order for 25 E175’s from SkyWest reinforces its 2018 delivery skyline, reducing.”,” the firm’s analyst commented.

ERJ has been the subject of a number of other reports. ValuEngine downgraded Embraer-Empresa Brasileira de Aeronautica from a buy rating to a hold rating in a report on Wednesday, June 7th. BidaskClub upgraded Embraer-Empresa Brasileira de Aeronautica from a hold rating to a buy rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded Embraer-Empresa Brasileira de Aeronautica from a hold rating to a strong sell rating in a report on Thursday, May 11th. TheStreet upgraded Embraer-Empresa Brasileira de Aeronautica from a c rating to a b- rating in a report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) downgraded Embraer-Empresa Brasileira de Aeronautica from a buy rating to a sell rating and dropped their price objective for the stock from $26.00 to $18.00 in a report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $21.60.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) traded up 0.17% during trading on Wednesday, hitting $23.51. The company had a trading volume of 269,011 shares. The company has a market capitalization of $17.27 billion, a P/E ratio of 63.89 and a beta of 0.34. The stock’s 50-day moving average price is $21.03 and its 200 day moving average price is $20.73. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $17.06 and a 52 week high of $24.95.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last released its quarterly earnings data on Friday, July 28th. The aerospace company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.62 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 11.02% and a net margin of 4.15%. The business’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. On average, equities research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post $1.61 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This piece was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/09/07/embraer-empresa-brasileira-de-aeronauticas-erj-hold-rating-reaffirmed-at-cowen-and-company.html.

A number of institutional investors have recently made changes to their positions in ERJ. Hotchkis & Wiley Capital Management LLC boosted its position in Embraer-Empresa Brasileira de Aeronautica by 20.3% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 7,422,694 shares of the aerospace company’s stock worth $163,893,000 after purchasing an additional 1,253,167 shares during the period. Brandes Investment Partners LP boosted its position in Embraer-Empresa Brasileira de Aeronautica by 6.6% during the 2nd quarter. Brandes Investment Partners LP now owns 19,847,728 shares of the aerospace company’s stock worth $361,824,000 after purchasing an additional 1,227,021 shares during the period. Franklin Resources Inc. boosted its position in Embraer-Empresa Brasileira de Aeronautica by 45.0% during the 2nd quarter. Franklin Resources Inc. now owns 2,844,323 shares of the aerospace company’s stock worth $51,852,000 after purchasing an additional 883,361 shares during the period. Holowesko Partners Ltd. boosted its position in Embraer-Empresa Brasileira de Aeronautica by 20.9% during the 2nd quarter. Holowesko Partners Ltd. now owns 3,843,250 shares of the aerospace company’s stock worth $70,062,000 after purchasing an additional 665,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Embraer-Empresa Brasileira de Aeronautica by 19.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,765,620 shares of the aerospace company’s stock worth $68,650,000 after purchasing an additional 616,851 shares during the period. 50.77% of the stock is owned by hedge funds and other institutional investors.

About Embraer-Empresa Brasileira de Aeronautica

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.