Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) from a buy rating to a strong-buy rating in a report published on Sunday.

EMBJ has been the topic of several other reports. Weiss Ratings raised Embraer-Empresa Brasileira de Aeronautica from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 14th. 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 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the stock an “overweight” rating in a research note on Friday, August 14th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.00.

Embraer-Empresa Brasileira de Aeronautica Trading Down 0.2%

Embraer-Empresa Brasileira de Aeronautica stock opened at $75.82 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 debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 1.44. The firm has a market capitalization of $13.70 billion, a PE ratio of 30.70, a PEG ratio of 1.74 and a beta of 1.44. The business’s 50-day simple moving average is $67.25 and its 200-day simple moving average is $64.71.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Institutional investors have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $68,460,000. Lord Abbett & CO. LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $28,696,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at $21,687,000. Russell Investments Group Ltd. bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth about $21,288,000. Finally, Aubrey Capital Management Ltd bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter worth about $14,904,000. 34.65% of the stock is owned by institutional investors and hedge funds.

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.