Embraer-Empresa Brasileira de Aeronautica (ERJ) Rating Increased to Buy at ValuEngine

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

ERJ has been the subject of a number of other reports. Deutsche Bank AG downgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a report on Tuesday, October 17th. Cowen and Company reiterated a “hold” rating and issued a $22.00 price target on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, October 30th. BidaskClub upgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. Zacks Investment Research downgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Finally, Credit Suisse Group upgraded Embraer-Empresa Brasileira de Aeronautica from a “neutral” rating to an “outperform” rating in a report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $21.67.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) opened at $19.86 on Friday. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $17.58 and a twelve month high of $24.95. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.67 and a quick ratio of 1.64. The firm has a market capitalization of $3,647.09, a P/E ratio of 8.45, a PEG ratio of 0.65 and a beta of 0.34.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its quarterly earnings results on Friday, October 27th. The aerospace company reported $0.41 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.34 billion. sell-side analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 1.81 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently modified their holdings of the stock. JFS Wealth Advisors LLC grew its stake in 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 buying an additional 470 shares during the last quarter. Global X Management Co. LLC grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 2.3% in the second 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 in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 1.7% in the first 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 in the last quarter. Driehaus Capital Management LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter worth $211,000. Finally, Seminole Management Co. Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the second quarter worth $182,000. Hedge funds and other institutional investors own 50.65% of the company’s stock.

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