Embraer-Empresa Brasileira de Aeronautica’s (ERJ) “Hold” Rating Reiterated at Cowen and Company

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)‘s stock had its “hold” rating restated by analysts at Cowen and Company in a note issued to investors on Wednesday, September 6th. They presently have a $24.00 price target on the aerospace company’s stock. Cowen and Company’s price target suggests a potential upside of 0.63% from the company’s current price.

The analysts wrote, “ERJ’s order for 25 E175’s from SkyWest reinforces its 2018 delivery skyline, reducing.””

ERJ has been the subject of a number of other research reports. ValuEngine lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. TheStreet upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a research note on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and dropped their price target for the stock from $26.00 to $18.00 in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.60.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) opened at 23.85 on Wednesday. The stock has a market capitalization of $17.52 billion, a price-to-earnings ratio of 84.88 and a beta of 0.34. The company’s 50-day moving average is $21.82 and its 200 day moving average is $20.78. 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 posted its earnings results on Friday, July 28th. The aerospace company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was up 29.5% compared to the same quarter last year. Equities analysts expect that Embraer-Empresa Brasileira de Aeronautica will post $1.61 EPS for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Brandes Investment Partners LP boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 6.6% during the second quarter. Brandes Investment Partners LP now owns 19,847,728 shares of the aerospace company’s stock valued at $361,824,000 after acquiring an additional 1,227,021 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 10.1% during 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 acquiring an additional 747,735 shares during the period. Holowesko Partners Ltd. boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 20.9% during the second quarter. Holowesko Partners Ltd. now owns 3,843,250 shares of the aerospace company’s stock valued at $70,062,000 after acquiring an additional 665,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 19.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,765,620 shares of the aerospace company’s stock valued at $68,650,000 after acquiring an additional 616,851 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 45.0% during the second quarter. Franklin Resources Inc. now owns 2,844,323 shares of the aerospace company’s stock valued at $51,852,000 after acquiring an additional 883,361 shares during the period. 50.77% of the stock is owned by institutional investors.

About Embraer-Empresa Brasileira de Aeronautica

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

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