Embraer-Empresa Brasileira de Aeronautica (ERJ) Given a $27.00 Price Target by Bank of America Corporation Analysts

Bank of America Corporation set a $27.00 price objective on Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) in a research report sent to investors on Wednesday, November 1st. The firm currently has a buy rating on the aerospace company’s stock.

A number of other analysts also recently issued reports on the company. J P Morgan Chase & Co downgraded Embraer-Empresa Brasileira de Aeronautica from an overweight rating to a neutral rating and set a $21.00 price target for the company. in a research report on Tuesday, October 31st. Cowen and Company reiterated a hold rating and set a $22.00 price target on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, October 30th. Santander downgraded Embraer-Empresa Brasileira de Aeronautica from a hold rating to an underperform rating in a research report on Monday, October 30th. Credit Suisse Group upgraded Embraer-Empresa Brasileira de Aeronautica from a neutral rating to an outperform rating in a research report on Thursday, October 26th. Finally, Scotiabank cut Embraer-Empresa Brasileira de Aeronautica from an outperform rating to a sector perform rating in a report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $21.67.

Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ) traded down $0.41 on Wednesday, hitting $19.12. The stock had a trading volume of 719,800 shares, compared to its average volume of 1,261,568. The company has a market cap of $3,586.49, a P/E ratio of 8.31, a PEG ratio of 0.64 and a beta of 0.34. The company has a current ratio of 2.67, a quick ratio of 1.73 and a debt-to-equity ratio of 1.05. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $17.58 and a 12-month high of $24.95.

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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.11. The firm 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 return on equity of 10.65% and a net margin of 6.63%. equities research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 1.81 EPS for the current year.

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The company also recently disclosed a special dividend, which was paid on Monday, October 16th. Investors 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 of this dividend was Tuesday, September 19th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio (DPR) is currently 11.31%.

A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its stake in 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 purchasing an additional 152 shares during the period. Global X Management Co. LLC increased its stake in 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 purchasing an additional 169 shares during the period. JFS Wealth Advisors LLC increased its stake in 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 purchasing an additional 470 shares during the period. American Trust Investment Advisors LLC increased its stake in Embraer-Empresa Brasileira de Aeronautica by 0.5% in the 2nd quarter. American Trust Investment Advisors LLC now owns 160,035 shares of the aerospace company’s stock worth $2,917,000 after purchasing an additional 765 shares during the period. Finally, First Allied Advisory Services Inc. increased its stake in Embraer-Empresa Brasileira de Aeronautica by 11.4% in the 2nd quarter. First Allied Advisory Services Inc. now owns 20,114 shares of the aerospace company’s stock worth $367,000 after purchasing an additional 2,061 shares during the period. 50.67% of the stock is currently owned by institutional investors and hedge funds.

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