Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) was downgraded by Deutsche Bank AG from a “buy” rating to a “hold” rating in a report released on Tuesday.

Other research analysts have also recently issued reports about the stock. Cowen and Company reaffirmed a “hold” rating and issued a $24.00 target price on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Wednesday, September 6th. BidaskClub raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research cut shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. TheStreet raised shares of 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) cut shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and dropped their target price for the company from $26.00 to $18.00 in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.50.

Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ) opened at 21.42 on Tuesday. The company has a 50-day moving average price of $22.95 and a 200 day moving average price of $20.67. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $17.58 and a 12-month high of $24.95. The firm has a market capitalization of $15.74 billion, a PE ratio of 58.37 and a beta of 0.34.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its earnings results on Friday, July 28th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.18. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.15% and a return on equity of 11.02%. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was up 29.5% compared to the same quarter last year. On average, equities analysts expect that Embraer-Empresa Brasileira de Aeronautica will post $1.56 earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Holowesko Partners Ltd. grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 20.9% in the second quarter. Holowesko Partners Ltd. now owns 3,843,250 shares of the aerospace company’s stock valued at $70,062,000 after purchasing an additional 665,000 shares during the last quarter. Comgest Global Investors S.A.S. grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 9.6% in the second quarter. Comgest Global Investors S.A.S. now owns 101,200 shares of the aerospace company’s stock valued at $1,845,000 after purchasing an additional 8,900 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 671.2% in the first quarter. JPMorgan Chase & Co. now owns 469,856 shares of the aerospace company’s stock valued at $10,374,000 after purchasing an additional 408,928 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 10.1% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 8,170,429 shares of the aerospace company’s stock valued at $148,947,000 after purchasing an additional 747,735 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 214.7% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 123,390 shares of the aerospace company’s stock valued at $2,249,000 after purchasing an additional 84,183 shares during the last quarter. Institutional investors and hedge funds own 50.79% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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

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