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 research report issued on Tuesday,Zacks.com reports.

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.43.

Embraer-Empresa Brasileira de Aeronautica Stock Down 1.1%

Shares of NYSE EMBJ opened at $65.09 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.67 and a current ratio of 1.50. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $38.78 and a 52-week high of $80.75. The firm has a 50 day moving average price of $71.62 and a two-hundred day moving average price of $65.46.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of institutional investors and hedge funds have recently modified their holdings of EMBJ. CoreCap Advisors LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $39,000. 1620 Investment Advisors Inc. acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $44,000. Gen Wealth Partners Inc bought a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $74,000. Bruce G. Allen Investments LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $90,000. Finally, Jones Financial Companies Lllp grew its holdings in 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 purchasing an additional 747 shares during the period. 34.65% of the stock is currently owned by institutional investors.

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.