Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Sets New 1-Year High – Time to Buy?

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) hit a new 52-week high during trading on Monday . The company traded as high as $72.79 and last traded at $72.46, with a volume of 71248 shares. The stock had previously closed at $71.45.

Wall Street Analysts Forecast Growth

EMBJ has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, October 8th. Zacks Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Citigroup raised their price objective on Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica presently has an average rating of “Moderate Buy” and an average price target of $63.86.

Embraer-Empresa Brasileira de Aeronautica Trading Up 1.3%

The company has a market capitalization of $13.12 billion, a PE ratio of 42.10, a P/E/G ratio of 1.65 and a beta of 1.60. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.67 and a current ratio of 1.43. The business has a fifty day moving average price of $65.65 and a 200 day moving average price of $60.44.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last announced its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 8.24% and a net margin of 4.34%. Analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica announced that its board has initiated a stock buyback plan on Thursday, November 6th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the aerospace company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at approximately $502,000. Jones Financial Companies Lllp boosted its holdings 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 during the period. Janney Montgomery Scott LLC grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 153.2% during the second quarter. Janney Montgomery Scott LLC now owns 13,665 shares of the aerospace company’s stock worth $778,000 after acquiring an additional 8,269 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 15.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 832,416 shares of the aerospace company’s stock worth $47,373,000 after acquiring an additional 110,836 shares during the period. Finally, Leavell Investment Management Inc. lifted its position in Embraer-Empresa Brasileira de Aeronautica by 13.5% in the 2nd quarter. Leavell Investment Management Inc. now owns 11,545 shares of the aerospace company’s stock valued at $657,000 after purchasing an additional 1,375 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

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.