Embraer-Empresa Brasileira de Aeronautica (ERJ) Stock Rating Upgraded by BidaskClub

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday, July 12th.

Several other equities research analysts have also weighed in on the company. Cowen and Company restated a “hold” rating and issued a $24.00 target price on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Tuesday, July 11th. ValuEngine lowered Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Zacks Investment Research downgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 11th. Finally, TheStreet downgraded Embraer-Empresa Brasileira de Aeronautica from a “b-” rating to a “c+” rating in a research report on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $22.60.

Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ) traded up 2.25% during mid-day trading on Wednesday, reaching $21.32. 1,819,132 shares of the company’s stock traded hands. The company has a market capitalization of $15.68 billion, a P/E ratio of 57.01 and a beta of 0.37. The firm has a 50-day moving average price of $19.29 and a 200-day moving average price of $20.97. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $17.06 and a 1-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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.18. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 11.02% and a net margin of 4.15%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the company earned $0.24 EPS. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. On average, equities research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post $1.68 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Embraer-Empresa Brasileira de Aeronautica (ERJ) Stock Rating Upgraded by BidaskClub” was originally posted by BBNS and is owned by of BBNS. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://baseballnewssource.com/markets/embraer-empresa-brasileira-de-aeronautica-erj-stock-rating-upgraded-by-bidaskclub-updated-updated-updated/1195985.html.

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 112.4% in the fourth quarter. FMR LLC now owns 644,300 shares of the aerospace company’s stock worth $12,403,000 after buying an additional 341,000 shares in the last quarter. Henderson Group PLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 17.0% in the first quarter. Henderson Group PLC now owns 343,430 shares of the aerospace company’s stock worth $7,588,000 after buying an additional 50,000 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in 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 worth $10,374,000 after buying an additional 408,928 shares in the last quarter. Nordea Investment Management AB boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 3.1% in the first quarter. Nordea Investment Management AB now owns 69,485 shares of the aerospace company’s stock worth $1,534,000 after buying an additional 2,114 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth about $9,848,000. Institutional investors and hedge funds own 49.67% of the company’s stock.

About Embraer-Empresa Brasileira de Aeronautica

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

Receive News & Ratings for Embraer-Empresa Brasileira de Aeronautica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embraer-Empresa Brasileira de Aeronautica and related companies with our FREE daily email newsletter.

 


Latest News

Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies
Boston’s Chris Sale Will Pitch In Each of Three Series With Yankees
Boston’s Chris Sale Will Pitch In Each of Three Series With Yankees
Greg Holland Out For Rockies Following Kitchen Incident
Greg Holland Out For Rockies Following Kitchen Incident
Jon Lester Joins 2,000 Strikeout Club, Hits First Home Run
Jon Lester Joins 2,000 Strikeout Club, Hits First Home Run
Sonny Gray Acquired By Yankees from Athletics
Sonny Gray Acquired By Yankees from Athletics
Adrian Beltre Reaches 3,000 Careers Hits
Adrian Beltre Reaches 3,000 Careers Hits


Leave a Reply

 
© 2006-2017 BBNS.