Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Upgraded at Zacks Research

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note 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 company an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average 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 firm has a 50 day moving average of $71.62 and a 200-day moving average of $65.46. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $38.78 and a 12 month high of $80.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.67 and a current ratio of 1.50.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Hedge funds have recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $68,460,000. Lord Abbett & CO. LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth about $28,696,000. Russell Investments Group Ltd. bought a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at about $21,288,000. Bank of New York Mellon Corp acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at about $11,046,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 20.7% during the third quarter. Ameriprise Financial Inc. now owns 970,129 shares of the aerospace company’s stock valued at $58,644,000 after purchasing an additional 166,489 shares in the last quarter. Institutional investors and hedge funds 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.