Embraer (ERJ) Plans Annual Dividend of $0.07
Embraer (NYSE:ERJ) declared a annual dividend on Monday, September 16th, Stock Ratings Network reports. Stockholders of record on Thursday, September 26th will be given a dividend of $0.0704 per share on Wednesday, October 23rd. This represents a yield of 0.21%. The ex-dividend date of this dividend is Tuesday, September 24th.
A number of research firms have recently commented on ERJ. Analysts at RBC Capital initiated coverage on shares of Embraer (NYSE:ERJ) in a research note to investors on Monday, August 26th. They set an “outperform” rating and a $42.00 price target on the stock. On the ratings front, analysts at Deutsche Bank reiterated a “buy” rating on shares of Embraer (NYSE:ERJ) in a research note to investors on Monday, July 29th. They now have a $41.00 price target on the stock. Finally, analysts at UBS AG cut their EPS estimates on shares of Embraer (NYSE:ERJ) in a research note on Friday. They now have a $40.00 price target on the stock.
One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Embraer presently has an average rating of “Hold” and a consensus target price of $41.00.
Shares of Embraer (NYSE:ERJ) traded up 0.48% during mid-day trading on Monday, hitting $33.18. 2,142,723 shares of the company’s stock traded hands. Embraer has a 52-week low of $24.28 and a 52-week high of $39.47. The stock has a 50-day moving average of $33.71 and a 200-day moving average of $35.19. The company has a market cap of $6.052 billion and a price-to-earnings ratio of 28.01.
Embraer-Empresa Brasileira de Aeronautica SA (NYSE:ERJ) is engaged in the manufacturing of commercial aircraft.
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