Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) has been assigned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $22.20.

Several equities research analysts recently issued reports on the company. BidaskClub upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Cowen and Company reiterated a “hold” rating and issued a $22.00 price objective on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, October 30th. Santander cut Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to an “underperform” rating in a report on Monday, October 30th. J P Morgan Chase & Co cut 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 report on Tuesday, October 31st. Finally, Goldman Sachs Group, Inc. (The) cut Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $26.00 to $18.00 in a report on Thursday, August 10th.

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Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) traded up $0.65 during trading on Friday, hitting $19.86. The company had a trading volume of 3,907,331 shares, compared to its average volume of 2,298,862. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 1.05. Embraer-Empresa Brasileira de Aeronautica has a 1 year low of $17.58 and a 1 year high of $24.95. The stock has a market cap of $3,647.09, a price-to-earnings ratio of 8.45, a PEG ratio of 0.65 and a beta of 0.34.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its quarterly earnings results on Friday, October 27th. The aerospace company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.11. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 10.65% and a net margin of 6.63%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.34 billion. sell-side analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 1.81 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which was paid on Monday, October 16th. Stockholders of record on Wednesday, September 20th were issued a dividend of $0.0516 per share. This is a boost from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. The ex-dividend date was Tuesday, September 19th. Embraer-Empresa Brasileira de Aeronautica’s payout ratio is currently 11.31%.

Institutional investors have recently modified their holdings of the company. JFS Wealth Advisors LLC boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 7.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 6,659 shares of the aerospace company’s stock worth $121,000 after purchasing an additional 470 shares during the last quarter. Global X Management Co. LLC boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 2.3% during the 2nd quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock worth $137,000 after purchasing an additional 169 shares during the last quarter. Seminole Management Co. Inc. acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter worth approximately $182,000. PNC Financial Services Group Inc. boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,067 shares of the aerospace company’s stock worth $199,000 after purchasing an additional 152 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 126.4% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,643 shares of the aerospace company’s stock worth $204,000 after purchasing an additional 6,500 shares during the last quarter. Institutional investors and hedge funds own 50.65% 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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