Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Cut to Hold at Wall Street Zen

Key Points

• Embraer-Empresa Brasileira de Aeronautica has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen.
• HSBC Global Research upgraded their rating on Embraer from "hold" to "strong buy" and increased their price target from $45.00 to $57.00.
• The consensus rating for Embraer-Empresa Brasileira de Aeronautica is "Moderate Buy" with an average target price of $53.83, although the company recently missed earnings expectations.

Wall Street Zen downgraded shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) from a buy rating to a hold rating in a research note published on Saturday morning.

Other equities research analysts also recently issued reports about the company. UBS Group restated a "sell" rating and issued a $39.00 price target (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Thursday, April 24th. HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and increased their price target for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. Wolfe Research raised Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price objective for the company in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group upped their price objective on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $53.83.

Embraer-Empresa Brasileira de Aeronautica Trading Up 1.5%

Shares of NYSE:ERJ traded up $0.86 during trading on Friday, hitting $58.63. 607,076 shares of the company's stock were exchanged, compared to its average volume of 1,780,407. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.58. The firm has a market cap of $10.77 billion, a P/E ratio of 28.68 and a beta of 1.76. The firm has a 50-day moving average price of $53.12 and a two-hundred day moving average price of $48.44. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $31.76 and a 1-year high of $61.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released its earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.49). Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.43% and a return on equity of 13.38%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the company posted $0.44 EPS. Equities analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Institutional investors have recently made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at approximately $25,000. Colonial Trust Co SC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $42,000. Jones Financial Companies Lllp raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% in the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company's stock valued at $70,000 after buying an additional 747 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 241.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,766 shares of the aerospace company's stock valued at $82,000 after buying an additional 1,249 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in Embraer-Empresa Brasileira de Aeronautica by 1,608.7% in the second quarter. First Horizon Advisors Inc. now owns 2,170 shares of the aerospace company's stock valued at $123,000 after acquiring an additional 2,043 shares during the last quarter. Institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.