Embraer-Empresa Brasileira de Aeronautica (ERJ) Stock Rating Lowered by Zacks Investment Research

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued 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. ValuEngine lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Deutsche Bank AG lowered 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 report on Tuesday, October 17th. BidaskClub upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. Credit Suisse Group upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “neutral” rating to an “outperform” rating in a report on Thursday, October 26th. Finally, Scotiabank lowered shares of Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “sector perform” rating in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Embraer-Empresa Brasileira de Aeronautica has a consensus rating of “Hold” and an average target price of $21.57.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its quarterly earnings results on Friday, October 27th. The aerospace company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $1.34 billion.

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A number of institutional investors have recently modified their holdings of the business. Well Done LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the 3rd quarter worth $293,000. Community Financial Services Group LLC boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 1.3% during the third quarter. Community Financial Services Group LLC now owns 246,515 shares of the aerospace company’s stock worth $5,573,000 after buying an additional 3,275 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 217.9% during the third quarter. Nationwide Fund Advisors now owns 176,520 shares of the aerospace company’s stock worth $3,991,000 after buying an additional 121,000 shares in the last quarter. Perpetual Ltd boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 2.2% during the second quarter. Perpetual Ltd now owns 102,459 shares of the aerospace company’s stock worth $1,868,000 after buying an additional 2,200 shares in the last quarter. Finally, Banco BTG Pactual S.A. purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the second quarter worth about $4,041,000. 50.65% of the stock is currently owned by institutional investors.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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