Deutsche Bank AG lowered shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) from a buy rating to a hold rating in a report released on Tuesday. Deutsche Bank AG currently has $23.00 price target on the aerospace company’s stock.

A number of other research analysts also recently commented on ERJ. BidaskClub upgraded Embraer-Empresa Brasileira de Aeronautica from a hold rating to a buy rating in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) downgraded Embraer-Empresa Brasileira de Aeronautica from a buy rating to a sell rating and dropped their price objective for the company from $26.00 to $18.00 in a report on Thursday, August 10th. Zacks Investment Research downgraded Embraer-Empresa Brasileira de Aeronautica from a hold rating to a sell rating in a report on Thursday, October 12th. TheStreet upgraded Embraer-Empresa Brasileira de Aeronautica from a c rating to a b- rating in a report on Thursday, August 10th. Finally, ValuEngine upgraded Embraer-Empresa Brasileira de Aeronautica from a buy rating to a strong-buy rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Embraer-Empresa Brasileira de Aeronautica has a consensus rating of Hold and an average price target of $21.00.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last released its quarterly earnings data on Friday, July 28th. The aerospace company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 11.02% and a net margin of 4.15%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the business posted $0.24 EPS. The business’s revenue for the quarter was up 29.5% on a year-over-year basis.

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The company also recently announced a special dividend, which was paid on Monday, October 16th. Investors of record on Wednesday, September 20th were given a $0.0516 dividend. The ex-dividend date was Tuesday, September 19th. This is a boost from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio is 17.48%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Global X Management Co. LLC boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1.4% in the 1st quarter. Global X Management Co. LLC now owns 7,352 shares of the aerospace company’s stock valued at $162,000 after purchasing an additional 103 shares during the period. PNC Financial Services Group Inc. boosted 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 valued at $199,000 after purchasing an additional 152 shares during the period. Comerica Bank boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1.6% in the 1st quarter. Comerica Bank now owns 12,358 shares of the aerospace company’s stock valued at $236,000 after purchasing an additional 198 shares during the period. JFS Wealth Advisors LLC boosted 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 valued at $121,000 after purchasing an additional 470 shares during the period. Finally, American Trust Investment Advisors LLC boosted its position in shares of 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 valued at $2,917,000 after purchasing an additional 765 shares during the period. 50.79% of the stock is owned by hedge funds and other institutional investors.

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