Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Coverage Initiated by Analysts at Scotiabank

Analysts at Scotiabank assumed coverage on shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) in a report issued on Monday. The firm set a “sector outperform” rating and a $81.00 price target on the aerospace company’s stock. Scotiabank’s price objective suggests a potential upside of 42.91% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Zacks Research lowered Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. JPMorgan Chase & Co. reduced their target price on Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Finally, Weiss Ratings lowered Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.29.

Embraer-Empresa Brasileira de Aeronautica Price Performance

EMBJ stock opened at $56.68 on Monday. The firm has a 50 day moving average of $61.34 and a 200-day moving average of $65.57. The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 0.71. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $46.26 and a 12 month high of $80.75. The firm has a market capitalization of $10.24 billion, a P/E ratio of 33.15, a price-to-earnings-growth ratio of 1.36 and a beta of 1.46.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last posted its earnings results on Saturday, February 14th. The aerospace company reported $0.46 earnings per share for the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 3.94% and a return on equity of 6.13%. The business had revenue of $2.65 billion for the quarter. As a group, sell-side analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth $502,000. Jones Financial Companies Lllp increased its holdings 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 worth $70,000 after buying an additional 747 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 99.2% in the 2nd quarter. NewEdge Advisors LLC now owns 16,795 shares of the aerospace company’s stock valued at $956,000 after acquiring an additional 8,365 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 1.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 803,640 shares of the aerospace company’s stock valued at $45,735,000 after acquiring an additional 12,131 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter valued at about $336,000. Institutional investors own 34.65% of the company’s stock.

About Embraer-Empresa Brasileira de Aeronautica

Embraer SA (NYSE:EMBJ), legally known as Embraer – Empresa Brasileira de Aeronáutica SA, is a global aerospace company headquartered in São José dos Campos, Brazil. The company designs, develops, manufactures and sells commercial, executive, defence and agricultural aircraft. Embraer’s product portfolio includes the popular E-Jets family for regional and short-haul carriers, the advanced E2 series, a range of business jets under the Phenom, Legacy and Praetor brands, the A-29 Super Tucano military trainer and light attack aircraft, the C-390 Millennium multi-mission transport platform, and the Ipanema agricultural aircraft.

Embraer’s commercial aviation segment focuses on regional airlines and air taxi operators, offering aircraft that seat between 70 and 150 passengers.