Zacks Research Upgrades Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) to Strong-Buy

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks reports.

Other equities research analysts have also issued reports about the stock. Wall Street Zen raised shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. Scotiabank initiated coverage on Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 target price for the company. Weiss Ratings cut Embraer-Empresa Brasileira de Aeronautica from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 25th. Finally, JPMorgan Chase & Co. boosted their price target on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $85.00.

Embraer-Empresa Brasileira de Aeronautica Trading Down 2.0%

Shares of Embraer-Empresa Brasileira de Aeronautica stock opened at $75.32 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $53.56 and a 12-month high of $80.75. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 1.70 and a beta of 1.40. The firm’s 50 day simple moving average is $73.53 and its two-hundred day simple moving average is $65.67.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ascentis Independent Advisors purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $27,000. Nykredit A S acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at $422,000. MBA Advisors LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the second quarter valued at $520,000. Atlas Capital Advisors Inc. purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at $608,000. Finally, FNY Investment Advisers LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter worth about $1,033,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

About Embraer-Empresa Brasileira de Aeronautica

Embraer SA, formerly known as Empresa Brasileira de Aeronáutica, is a Brazilian aerospace company that designs, develops, manufactures and supports aircraft and related systems. Founded in 1969 and headquartered in São José dos Campos, Brazil, the company serves commercial, business aviation, defense and security, and agricultural aviation markets.

In commercial aviation, Embraer produces the E-Jets family, including the E2 series of small- and medium-sized passenger aircraft. Its executive aviation portfolio includes the Phenom and Praetor business jet families.