Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) have received an average rating of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $21.00.

ERJ has been the subject of a number of research analyst reports. TheStreet raised Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a research note on Thursday, August 10th. BidaskClub upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. ValuEngine lowered Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Cowen and Company restated a “hold” rating and issued a $24.00 price target on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Wednesday, September 6th. Finally, Zacks Investment Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a report on Thursday, July 20th.

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Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) traded up 0.21% during midday trading on Friday, hitting $23.85. The stock had a trading volume of 1,043,061 shares. The firm has a market cap of $17.52 billion, a P/E ratio of 84.88 and a beta of 0.34. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $17.06 and a 52 week high of $24.95. The stock has a 50-day moving average of $21.82 and a 200-day moving average of $20.78.

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 (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 during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. The company’s revenue was up 29.5% on a year-over-year basis. Analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post $1.61 EPS for the current fiscal year.

The company also recently declared a special dividend, which will be paid on Monday, October 16th. Stockholders of record on Wednesday, September 20th will be issued a $0.0516 dividend. This is a positive change from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. The ex-dividend date is Tuesday, September 19th. Embraer-Empresa Brasileira de Aeronautica’s payout ratio is 14.69%.

Several institutional investors have recently modified their holdings of the company. Banco BTG Pactual S.A. bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the second quarter valued at about $4,041,000. Seminole Management Co. Inc. bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the second quarter valued at about $182,000. Goldman Sachs Group Inc. lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 44.7% in the second quarter. Goldman Sachs Group Inc. now owns 965,659 shares of the aerospace company’s stock valued at $17,604,000 after purchasing an additional 298,447 shares in the last quarter. Employees Retirement System of Texas lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 71.1% in the second quarter. Employees Retirement System of Texas now owns 177,251 shares of the aerospace company’s stock valued at $3,231,000 after purchasing an additional 73,650 shares in the last quarter. Finally, Glovista Investments LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the second quarter valued at about $1,279,000. Institutional investors own 50.77% 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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