Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Cut to “Sector Perform” at Scotiabank

Scotiabank lowered shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) from an outperform rating to a sector perform rating in a report issued on Tuesday, October 17th.

Other analysts have also issued reports about the stock. Cowen and Company reissued a hold rating and set a $24.00 target price on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, September 6th. BidaskClub upgraded 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 lowered shares of Embraer-Empresa Brasileira de Aeronautica from a hold rating to a sell rating in a research note on Thursday, July 27th. 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) downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a buy rating to a sell rating and decreased their price objective for the stock from $26.00 to $18.00 in a report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $21.67.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) traded up $0.22 on Tuesday, reaching $20.08. The company’s stock had a trading volume of 1,208,097 shares, compared to its average volume of 2,030,000. Embraer-Empresa Brasileira de Aeronautica has a one year low of $17.58 and a one year high of $24.95. The stock has a market cap of $3,710.00, a P/E ratio of 8.45, a P/E/G ratio of 0.65 and a beta of 0.34. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.67 and a quick ratio of 1.73.

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

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

A number of institutional investors and hedge funds have recently modified their holdings of ERJ. Brandes Investment Partners LP increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 6.6% in 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 purchasing an additional 1,227,021 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 45.0% in 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. Hotchkis & Wiley Capital Management LLC boosted 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 acquiring an additional 747,735 shares during the period. Holowesko Partners Ltd. lifted its position in 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 worth $70,062,000 after purchasing an additional 665,000 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in 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 worth $68,650,000 after purchasing an additional 616,851 shares during the period. Institutional investors and hedge funds own 50.67% of the company’s stock.

About Embraer-Empresa Brasileira de Aeronautica

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

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