Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Lowered to “Hold” Rating by Wall Street Zen

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also issued reports on ERJ. Hsbc Global Res upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 4th. UBS Group reaffirmed a “sell” rating and set a $39.00 target price (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Thursday, April 24th. Wolfe Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a “peer perform” rating to an “outperform” rating and set a $64.00 target price for the company in a report on Thursday, July 31st. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating and boosted their price target for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group boosted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica presently has a consensus rating of “Moderate Buy” and an average target price of $53.83.

Embraer-Empresa Brasileira de Aeronautica Trading Up 0.7%

NYSE ERJ opened at $58.33 on Friday. The company’s 50-day moving average price is $52.89 and its 200-day moving average price is $48.23. The company has a current ratio of 1.33, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58. The stock has a market cap of $10.71 billion, a PE ratio of 28.45 and a beta of 1.76. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $29.91 and a 12 month high of $61.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last posted its earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.49). Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.43% and a return on equity of 13.38%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the business posted $0.44 EPS. Equities research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of hedge funds and other institutional investors have recently bought and sold shares of ERJ. GQG Partners LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth about $276,246,000. Jennison Associates LLC lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 215.7% in the first quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company’s stock worth $190,629,000 after acquiring an additional 2,819,306 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 654.5% in the first quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company’s stock worth $161,737,000 after acquiring an additional 3,036,797 shares during the last quarter. Invesco Ltd. lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 116.8% in the first quarter. Invesco Ltd. now owns 2,678,821 shares of the aerospace company’s stock worth $123,762,000 after acquiring an additional 1,443,186 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 19.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company’s stock worth $89,465,000 after acquiring an additional 390,094 shares during the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.