JPMorgan Chase & Co. Issues Positive Forecast for Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Price

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) had its target price lifted by JPMorgan Chase & Co. from $80.00 to $104.00 in a research report sent to investors on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the aerospace company’s stock.

Other equities analysts also recently issued reports about the company. Scotiabank initiated coverage on Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.00.

Embraer-Empresa Brasileira de Aeronautica Stock Up 1.5%

Shares of NYSE:EMBJ opened at $75.33 on Friday. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $53.56 and a 52-week high of $80.75. The company has a market capitalization of $13.61 billion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 1.73 and a beta of 1.44. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.73 and a current ratio of 1.44. The company has a fifty day moving average of $65.20 and a 200-day moving average of $64.77.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

A number of institutional investors and hedge funds have recently bought and sold shares of EMBJ. Ascentis Independent Advisors bought a new position in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth $27,000. 1620 Investment Advisors Inc. bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at about $44,000. Jones Financial Companies Lllp increased its stake in shares of 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 valued at $70,000 after buying an additional 747 shares during the period. Gen Wealth Partners Inc acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at about $74,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth about $90,000. 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.