Embraer-Empresa Brasileira de Aeronautica (NYSE: ERJ) recently received a number of ratings updates from brokerages and research firms:

  • 8/10/2017 – Embraer-Empresa Brasileira de Aeronautica was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “sell” rating. They now have a $18.00 price target on the stock, down previously from $26.00.
  • 8/9/2017 – Embraer-Empresa Brasileira de Aeronautica was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/1/2017 – Embraer-Empresa Brasileira de Aeronautica was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 7/27/2017 – Embraer-Empresa Brasileira de Aeronautica was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Embraer’s soft Defense and Security business might have played the primary spoilsport. Also, the company operates in a highly competitive commercial aircraft manufacturing industry, which requires it to invest heavily in technology and performance enhancement to meet growing demand in this industry. Domestically, Brazil’s economic woes along with a series of populist tax incentives have put pressure on Embraer. The company is also exposed to foreign currency fluctuations. On the brighter note, the company continues to lead the 70- to 130-seat commercial jet market. Going ahead, it sees more room for growth given the rising air traffic.”
  • 7/20/2017 – Embraer-Empresa Brasileira de Aeronautica was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Embraer continues to lead the 70- to 130-seat commercial jet market.  Moreover, Embraer sees more room for growth given the rising air traffic. Further the company’s investment plans for product development in 2017 will likely ensure strong demand for its products and drive bottom-line growth. However, Embraer’s stock deteriorated in the last one year, underperforming the Zacks categorized Aerospace/Defense industry’s gain. The company’s soft Defense and Security business might have played the primary spoilsport. Also, the company operates in a highly competitive commercial aircraft manufacturing industry, which requires it to invest heavily in technology and performance enhancement to meet growing demand in this industry.”
  • 7/12/2017 – Embraer-Empresa Brasileira de Aeronautica was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/11/2017 – Embraer-Empresa Brasileira de Aeronautica had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $24.00 price target on the stock.
  • 6/21/2017 – Embraer-Empresa Brasileira de Aeronautica was downgraded by analysts at Cowen and Company from an “outperform” rating to a “market perform” rating. They now have a $24.00 price target on the stock, down previously from $27.00. They wrote, “We are downgrading Embraer from Outperform to Market Perform for increasing.””

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) traded down 2.94% during mid-day trading on Thursday, hitting $20.77. The stock had a trading volume of 3,084,139 shares. The firm has a 50 day moving average of $19.47 and a 200-day moving average of $20.94. The stock has a market cap of $15.26 billion, a P/E ratio of 55.53 and a beta of 0.37. Embraer-Empresa Brasileira de Aeronautica has a one year low of $17.06 and a one year high of $24.95.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last released its earnings results on Friday, July 28th. The aerospace company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.18. The business had revenue of $1.77 billion for 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 quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 earnings per share. Equities research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post $1.68 earnings per share for the current fiscal year.

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

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