Zacks Investment Research cut shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) from a hold rating to a sell rating in a report issued on Thursday.

According to Zacks, “Embraer’s soft Defense and Security business might have played the primary spoilsport. Also, the company operates in a highly competitive commercial aircraft manufacturing industry, which requires it to invest heavily in technology and performance enhancement to meet growing demand in this industry. Domestically, Brazil’s economic woes along with a series of populist tax incentives have put pressure on Embraer. The company is also exposed to foreign currency fluctuations. On the brighter note, the company continues to lead the 70- to 130-seat commercial jet market. Going ahead, it sees more room for growth given the rising air traffic.”

ERJ has been the topic of several other research reports. Cowen and Company lowered shares of Embraer-Empresa Brasileira de Aeronautica from an outperform rating to a market perform rating and lowered their price objective for the stock from $27.00 to $24.00 in a research report on Wednesday, June 21st. ValuEngine lowered shares of Embraer-Empresa Brasileira de Aeronautica from a buy rating to a hold rating in a research report on Wednesday, June 7th. BidaskClub raised shares of Embraer-Empresa Brasileira de Aeronautica from a sell rating to a hold rating in a research report on Wednesday, July 12th. Finally, TheStreet lowered shares of Embraer-Empresa Brasileira de Aeronautica from a b- rating to a c+ rating in a research report on Wednesday, April 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Embraer-Empresa Brasileira de Aeronautica presently has a consensus rating of Hold and a consensus target price of $22.00.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) traded up 3.05% on Thursday, reaching $20.63. 818,675 shares of the company were exchanged. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $17.06 and a 12-month high of $24.95. The firm has a market capitalization of $15.17 billion, a PE ratio of 55.16 and a beta of 0.35. The company’s 50 day moving average is $19.13 and its 200 day moving average is $20.99.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its quarterly earnings data on Friday, July 28th. The aerospace company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.49 by $0.18. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.62 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.15% and a return on equity of 11.12%. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post $1.86 earnings per share for the current year.

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The firm also recently announced a special dividend, which was paid on Thursday, July 20th. Stockholders of record on Thursday, June 15th were paid a $0.0489 dividend. The ex-dividend date was Tuesday, June 13th. Embraer-Empresa Brasileira de Aeronautica’s payout ratio is 14.69%.

Several institutional investors have recently bought and sold shares of ERJ. Brandes Investment Partners LP increased its position in Embraer-Empresa Brasileira de Aeronautica by 1.3% in the first quarter. Brandes Investment Partners LP now owns 18,620,707 shares of the aerospace company’s stock valued at $411,145,000 after buying an additional 242,338 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Embraer-Empresa Brasileira de Aeronautica by 20.3% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 7,422,694 shares of the aerospace company’s stock valued at $163,893,000 after buying an additional 1,253,167 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Embraer-Empresa Brasileira de Aeronautica by 14.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,148,769 shares of the aerospace company’s stock valued at $69,538,000 after buying an additional 390,305 shares during the last quarter. Vanguard Group Inc. increased its position in Embraer-Empresa Brasileira de Aeronautica by 3.2% in the first quarter. Vanguard Group Inc. now owns 2,102,410 shares of the aerospace company’s stock valued at $46,421,000 after buying an additional 65,411 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Embraer-Empresa Brasileira de Aeronautica by 2.6% in the first quarter. Renaissance Technologies LLC now owns 1,493,500 shares of the aerospace company’s stock valued at $32,976,000 after buying an additional 37,300 shares during the last quarter. Hedge funds and other institutional investors own 49.83% of the company’s stock.

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Analyst Recommendations for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

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