Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

ERJ has been the subject of several other research reports. Cowen and Company cut Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $27.00 to $24.00 in a research note on Wednesday, June 21st. ValuEngine lowered Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Finally, Zacks Investment Research lowered Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $22.60.

Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ) opened at 21.31 on Wednesday. The stock has a market capitalization of $15.67 billion, a price-to-earnings ratio of 56.98 and a beta of 0.37. The company has a 50 day moving average of $19.29 and a 200 day moving average of $20.97. 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 announced its earnings results on Friday, July 28th. The aerospace company reported $0.67 earnings per share for the quarter, beating 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 business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the business posted $0.24 earnings per share. The company’s quarterly revenue was up 29.5% on a year-over-year basis. Analysts predict that Embraer-Empresa Brasileira de Aeronautica will post $1.68 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was first published by Daily Political and is owned by of Daily Political. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2017/08/09/embraer-empresa-brasileira-de-aeronautica-erj-upgraded-at-bidaskclub.html.

Several institutional investors have recently added to or reduced their stakes in ERJ. Hotchkis & Wiley Capital Management LLC raised its position in Embraer-Empresa Brasileira de Aeronautica by 20.3% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 7,422,694 shares of the aerospace company’s stock worth $163,893,000 after buying an additional 1,253,167 shares during the period. Acadian Asset Management LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $18,095,000. Sei Investments Co. raised its position in Embraer-Empresa Brasileira de Aeronautica by 4,741.9% in the first quarter. Sei Investments Co. now owns 475,089 shares of the aerospace company’s stock worth $10,490,000 after buying an additional 465,277 shares during the period. Ameriprise Financial Inc. bought a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $9,848,000. Finally, FMR LLC raised its position in Embraer-Empresa Brasileira de Aeronautica by 66.8% in the first quarter. FMR LLC now owns 1,074,942 shares of the aerospace company’s stock worth $23,735,000 after buying an additional 430,642 shares during the period. Institutional investors and hedge funds own 49.67% of the company’s stock.

About Embraer-Empresa Brasileira de Aeronautica

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.