Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks reports.

A number of other analysts have also recently commented on EMBJ. JPMorgan Chase & Co. boosted their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Weiss Ratings upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Finally, Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 24th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.50.

Embraer-Empresa Brasileira de Aeronautica Trading Down 3.4%

NYSE EMBJ opened at $79.65 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.31 and a debt-to-equity ratio of 0.57. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $53.56 and a twelve month high of $83.46. The firm has a market capitalization of $14.39 billion, a PE ratio of 35.72, a P/E/G ratio of 1.88 and a beta of 1.50. The stock’s 50 day moving average is $74.56 and its 200 day moving average is $67.85.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last posted its quarterly earnings data on Tuesday, November 10th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.46). The firm had revenue of $2.33 billion during the quarter. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 12.47% and a net margin of 4.61%. Research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Bullock Wealth Management Group bought a new stake in Embraer-Empresa Brasileira de Aeronautica in the third quarter worth $29,000. Harbour Investments Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the third quarter valued at $38,000. GAMMA Investing LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the third quarter valued at $66,000. Parallel Advisors LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the third quarter valued at $145,000. Finally, Bogart Wealth LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 3rd quarter worth about $226,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

About Embraer-Empresa Brasileira de Aeronautica

Embraer, formerly Empresa Brasileira de Aeronáutica, is a Brazilian aerospace company founded in 1969. Headquartered in São José dos Campos, Brazil, it develops, manufactures and supports aircraft and related aviation products and services. The company’s businesses include commercial aviation, executive aviation, and defense and security. Its offerings include E-Jets and E-Jets E2 commercial aircraft, Phenom and Praetor business jets, and defense aircraft such as the C-390 Millennium transport aircraft and A-29 Super Tucano.