Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued to clients and investors on Thursday.

ERJ has been the topic of a number of other research reports. Cowen and Company downgraded Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $27.00 to $24.00 in a research note on Wednesday, June 21st. ValuEngine downgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. BidaskClub upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 11th. Finally, Goldman Sachs Group, Inc. (The) downgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and decreased their price target for the stock from $26.00 to $18.00 in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $21.60.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) traded up 0.24% during mid-day trading on Thursday, hitting $20.82. The company had a trading volume of 1,398,211 shares. Embraer-Empresa Brasileira de Aeronautica has a one year low of $17.06 and a one year high of $24.95. The company has a market cap of $15.30 billion, a PE ratio of 55.67 and a beta of 0.37. The company’s 50 day moving average price is $19.58 and its 200-day moving average price is $20.92.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its earnings results on Friday, July 28th. The aerospace company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The business’s quarterly revenue was up 29.5% compared to the same quarter last year. Equities research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post $1.68 EPS for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the company. Teza Capital Management LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at about $291,000. World Asset Management Inc increased its stake in Embraer-Empresa Brasileira de Aeronautica by 1.9% in the first quarter. World Asset Management Inc now owns 11,527 shares of the aerospace company’s stock valued at $255,000 after buying an additional 211 shares during the period. Comerica Bank increased its stake in Embraer-Empresa Brasileira de Aeronautica by 1.6% in the first quarter. Comerica Bank now owns 12,358 shares of the aerospace company’s stock valued at $236,000 after buying an additional 198 shares during the period. Henderson Group PLC increased 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 valued at $7,588,000 after buying an additional 50,000 shares during the period. Finally, Boston Partners increased its stake in Embraer-Empresa Brasileira de Aeronautica by 54.4% in the first quarter. Boston Partners now owns 154,410 shares of the aerospace company’s stock valued at $3,409,000 after buying an additional 54,410 shares during the period. Institutional investors own 49.67% of the company’s stock.

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