Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Lowered to “Hold” at Deutsche Bank AG

Deutsche Bank AG cut shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) from a buy rating to a hold rating in a research note issued to investors on Tuesday, October 17th. They currently have $23.00 price target on the aerospace company’s stock.

Several other research firms have also issued reports on ERJ. Zacks Investment Research upgraded Embraer-Empresa Brasileira de Aeronautica from a sell rating to a hold rating in a report on Thursday, July 20th. ValuEngine upgraded Embraer-Empresa Brasileira de Aeronautica from a buy rating to a strong-buy rating in a report on Tuesday, August 1st. Cowen and Company restated a hold rating and issued a $24.00 price objective on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) lowered Embraer-Empresa Brasileira de Aeronautica from a buy rating to a sell rating and dropped their price objective for the company from $26.00 to $18.00 in a research note on Thursday, August 10th. Finally, BidaskClub upgraded Embraer-Empresa Brasileira de Aeronautica from a buy rating to a strong-buy rating in a research note on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and a consensus price target of $21.67.

Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ) traded up $0.22 during trading hours on Tuesday, hitting $20.08. 1,111,325 shares of the stock traded hands, compared to its average volume of 2,030,000. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $17.58 and a 52-week high of $24.95. The company has a market capitalization of $3,710.00, a P/E ratio of 8.45, a price-to-earnings-growth ratio of 0.65 and a beta of 0.34. The company has a current ratio of 2.67, a quick ratio of 1.73 and a debt-to-equity ratio of 1.05.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last released its earnings results on Friday, October 27th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.11. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 10.65% and a net margin of 6.63%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion. equities research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 1.81 earnings per share for the current fiscal year.

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The company also recently announced a special dividend, which was paid on Monday, October 16th. Stockholders of record on Wednesday, September 20th were given a $0.0516 dividend. This is an increase from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. The ex-dividend date was Tuesday, September 19th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio is presently 11.47%.

Several institutional investors have recently bought and sold shares of the company. Cambiar Investors LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the third quarter valued at approximately $560,000. Sei Investments Co. grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 884.7% in the third quarter. Sei Investments Co. now owns 68,429 shares of the aerospace company’s stock valued at $1,547,000 after purchasing an additional 61,480 shares during the last quarter. Well Done LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the third quarter worth approximately $293,000. Community Financial Services Group LLC grew its position in Embraer-Empresa Brasileira de Aeronautica by 1.3% during the third quarter. Community Financial Services Group LLC now owns 246,515 shares of the aerospace company’s stock worth $5,573,000 after buying an additional 3,275 shares in the last quarter. Finally, Nationwide Fund Advisors grew its position in Embraer-Empresa Brasileira de Aeronautica by 217.9% during the third quarter. Nationwide Fund Advisors now owns 176,520 shares of the aerospace company’s stock worth $3,991,000 after buying an additional 121,000 shares in the last quarter. 50.67% of the stock is currently owned by institutional investors.

About Embraer-Empresa Brasileira de Aeronautica

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

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