Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Receives Average Recommendation of “Moderate Buy” from Brokerages

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $67.2857.

Several analysts recently weighed in on EMBJ shares. Zacks Research downgraded Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Scotiabank assumed coverage on Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 target price on the stock. JPMorgan Chase & Co. cut their target price on Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

Several institutional investors have recently bought and sold shares of the company. Ascentis Independent Advisors bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at about $27,000. CoreCap Advisors LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth approximately $39,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $44,000. Jones Financial Companies Lllp increased its position in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% during the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 747 shares in the last quarter. Finally, Gen Wealth Partners Inc bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $74,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of NYSE EMBJ opened at $65.50 on Friday. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $46.54 and a fifty-two week high of $80.75. The company has a 50 day simple moving average of $60.71 and a two-hundred day simple moving average of $64.94. The company has a market capitalization of $11.84 billion, a price-to-earnings ratio of 38.30, a P/E/G ratio of 1.59 and a beta of 1.43. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.73 and a current ratio of 1.48.

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.