Embraer-Empresa Brasileira de Aeronautica (ERJ) Cut to “Underperform” at Santander

Santander lowered shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) from a hold rating to an underperform rating in a report published on Monday.

A number of other research analysts also recently commented on ERJ. Credit Suisse Group upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a neutral rating to an outperform rating in a research note on Thursday, October 26th. Scotiabank downgraded shares of Embraer-Empresa Brasileira de Aeronautica from an outperform rating to a sector perform rating in a research note on Tuesday, October 17th. Deutsche Bank AG downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a buy rating to a hold rating and set a $23.00 price objective on the stock. in a research note on Tuesday, October 17th. Zacks Investment Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a hold rating to a sell rating in a research note on Thursday, October 12th. Finally, Cowen and Company reiterated a hold rating and set a $24.00 price objective on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, five have given 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 target price of $21.57.

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

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The firm also recently declared a special dividend, which was paid on Monday, October 16th. Stockholders of record on Wednesday, September 20th were given a $0.0516 dividend. This is an increase 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 dividend payout ratio (DPR) is presently 11.31%.

Institutional investors have recently bought and sold shares of the company. JFS Wealth Advisors LLC lifted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 7.6% in the 2nd 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 during the last quarter. Global X Management Co. LLC lifted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 2.3% in the 2nd 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 during the last quarter. Seminole Management Co. Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter worth about $182,000. PNC Financial Services Group Inc. lifted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1.7% in the 1st 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 during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 126.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,643 shares of the aerospace company’s stock worth $204,000 after buying an additional 6,500 shares during the last quarter. Institutional investors own 50.65% of the company’s stock.

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