Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) have received a consensus rating of “Hold” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $21.00.

Several analysts have recently issued reports on the stock. Cowen and Company reiterated a “hold” rating and issued a $24.00 target price on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Wednesday, September 6th. BidaskClub upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. TheStreet upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a research report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and dropped their target price for the company from $26.00 to $18.00 in a research report on Thursday, August 10th.

Several hedge funds and other institutional investors have recently made changes to their positions in ERJ. Quantbot Technologies LP purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter worth about $101,000. JFS Wealth Advisors LLC lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 7.6% in the second quarter. JFS Wealth Advisors LLC now owns 6,659 shares of the aerospace company’s stock worth $121,000 after buying an additional 470 shares in the last quarter. Global X Management Co. LLC lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 2.3% in the second quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock worth $137,000 after buying an additional 169 shares in the last quarter. Seminole Management Co. Inc. purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the second quarter worth about $182,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 9,067 shares of the aerospace company’s stock worth $199,000 after buying an additional 152 shares in the last quarter. Institutional investors and hedge funds own 50.79% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/10/11/embraer-empresa-brasileira-de-aeronautica-erj-receives-average-recommendation-of-hold-from-brokerages-2.html.

Embraer-Empresa Brasileira de Aeronautica (ERJ) traded down 1.02% on Wednesday, hitting $22.39. 990,828 shares of the company were exchanged. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $17.06 and a 52 week high of $24.95. The company has a market capitalization of $16.45 billion, a P/E ratio of 61.01 and a beta of 0.34. The firm’s 50 day moving average is $22.87 and its 200 day moving average is $20.68.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its earnings results on Friday, July 28th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.18. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.15% and a return on equity of 11.02%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. On average, equities research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post $1.57 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which will be paid on Monday, October 16th. Stockholders of record on Wednesday, September 20th will be given 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 of this dividend is Tuesday, September 19th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio (DPR) is 17.48%.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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 MarketBeat.com's FREE daily email newsletter.