Analysts Set Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Price Target at $64.43

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $63.8571.

EMBJ has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Zacks Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings lowered Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd.

Embraer-Empresa Brasileira de Aeronautica Stock Down 4.6%

EMBJ stock opened at $56.03 on Friday. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $45.20 and a twelve month high of $80.75. The company has a quick ratio of 0.82, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $10.12 billion, a PE ratio of 32.77, a PEG ratio of 1.34 and a beta of 1.51. The stock has a 50-day simple moving average of $62.29 and a two-hundred day simple moving average of $66.44.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last announced its earnings results on Saturday, February 14th. The aerospace company reported $0.46 earnings per share for the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 3.94% and a return on equity of 6.13%. The business had revenue of $2.65 billion for the quarter. On average, equities analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.9 EPS for the current fiscal year.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

A number of institutional investors have recently made changes to their positions in EMBJ. Brighton Jones LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $502,000. Jones Financial Companies Lllp boosted its stake 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 purchasing an additional 747 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 99.2% during the second quarter. NewEdge Advisors LLC now owns 16,795 shares of the aerospace company’s stock valued at $956,000 after purchasing an additional 8,365 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 1.5% during the second quarter. Ameriprise Financial Inc. now owns 803,640 shares of the aerospace company’s stock valued at $45,735,000 after purchasing an additional 12,131 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at approximately $336,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

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.