Embraer-Empresa Brasileira de Aeronautica (ERJ) Rating Increased to Buy at ValuEngine

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Saturday, November 4th.

Several other analysts also recently weighed in on the company. Credit Suisse Group raised Embraer-Empresa Brasileira de Aeronautica from a “neutral” rating to an “outperform” rating in a research note on Thursday, October 26th. Cowen and Company restated a “hold” rating and issued a $22.00 target price on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, October 30th. J P Morgan Chase & Co cut Embraer-Empresa Brasileira de Aeronautica from an “overweight” rating to a “neutral” rating and set a $21.00 target price on the stock. in a report on Tuesday, October 31st. Scotiabank cut Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, October 17th. Finally, BidaskClub raised Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.67.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) opened at $18.72 on Friday. The firm has a market capitalization of $3,393.67, a P/E ratio of 7.86, a price-to-earnings-growth ratio of 0.60 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 has a 12 month low of $17.58 and a 12 month high of $24.95.

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

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Hedge funds have recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 7.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 6,659 shares of the aerospace company’s stock valued at $121,000 after acquiring an additional 470 shares in the last quarter. Global X Management Co. LLC grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 2.3% in the 2nd quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock valued at $137,000 after acquiring an additional 169 shares in the last quarter. Seminole Management Co. Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter valued at about $182,000. PNC Financial Services Group Inc. grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,067 shares of the aerospace company’s stock valued at $199,000 after acquiring an additional 152 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 126.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,643 shares of the aerospace company’s stock valued at $204,000 after acquiring an additional 6,500 shares in the last quarter. Hedge funds and other institutional investors own 56.73% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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

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