Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Raised to Strong-Buy at Wall Street Zen

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Sunday.

EMBJ has been the topic of several other research reports. JPMorgan Chase & Co. lifted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th. Scotiabank started coverage on Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They set a “sector outperform” rating and a $81.00 target price for the company. Finally, Weiss Ratings raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.00.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of Embraer-Empresa Brasileira de Aeronautica stock opened at $76.12 on Friday. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $53.56 and a 52 week high of $80.75. The company has a current ratio of 1.44, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. The stock has a market cap of $13.75 billion, a PE ratio of 30.82, a price-to-earnings-growth ratio of 1.74 and a beta of 1.44. The company’s 50-day moving average price is $67.53 and its two-hundred day moving average price is $64.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EMBJ. Ascentis Independent Advisors acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at approximately $27,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $44,000. Jones Financial Companies Lllp boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% during the 1st 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 during the period. Gen Wealth Partners Inc purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $74,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth $90,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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.