Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Embraer posted mixed results in the third quarter of 2017. While the company’s earnings surpassed the Zacks Consensus Estimate, its revenues failed to meet the corresponding consensus mark. However, year-over-year results were disappointing on both fronts.  Notably, Embraer operates in a highly competitive commercial aircraft manufacturing industry, which requires it to invest heavily in technology and performance enhancements to meet growing demand of the industry. The soft Defense and Security business is also a headwind. Moreover, Embraer’s share price has underperformed the industry’s gain over a year. Meanwhile, Embraer continues to lead the 70- to 130-seat commercial jet market. “

ERJ has been the topic of a number of other reports. Credit Suisse Group raised shares of Embraer-Empresa Brasileira de Aeronautica from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 26th. Cowen and Company reissued a “hold” rating and issued a $22.00 price objective on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday. J P Morgan Chase & Co downgraded shares of Embraer-Empresa Brasileira de Aeronautica from an “overweight” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a research report on Tuesday. Scotiabank downgraded shares of Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, October 17th. Finally, ValuEngine downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.57.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its quarterly earnings data on Friday, October 27th. The aerospace company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.11. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.63% and a return on equity of 10.65%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.34 billion.

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Large investors have recently bought and sold shares of the business. Nationwide Fund Advisors increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 74.3% during the 2nd quarter. Nationwide Fund Advisors now owns 55,520 shares of the aerospace company’s stock valued at $1,012,000 after acquiring an additional 23,660 shares in the last quarter. Holowesko Partners Ltd. increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 20.9% during the 2nd quarter. Holowesko Partners Ltd. now owns 3,843,250 shares of the aerospace company’s stock valued at $70,062,000 after acquiring an additional 665,000 shares in the last quarter. Comgest Global Investors S.A.S. increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 9.6% during the 2nd quarter. Comgest Global Investors S.A.S. now owns 101,200 shares of the aerospace company’s stock valued at $1,845,000 after acquiring an additional 8,900 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 10.1% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,170,429 shares of the aerospace company’s stock valued at $148,947,000 after acquiring an additional 747,735 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 214.7% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 123,390 shares of the aerospace company’s stock valued at $2,249,000 after acquiring an additional 84,183 shares in the last quarter. Hedge funds and other institutional investors own 50.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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