Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Sets New 12-Month High – Here’s What Happened

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $74.08 and last traded at $73.66, with a volume of 62310 shares changing hands. The stock had previously closed at $73.63.

Analyst Ratings Changes

Several brokerages recently issued reports on EMBJ. Citigroup increased their price objective on Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Embraer-Empresa Brasileira de Aeronautica presently has an average rating of “Moderate Buy” and an average price target of $63.86.

Embraer-Empresa Brasileira de Aeronautica Price Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.43 and a quick ratio of 0.67. The stock has a market capitalization of $13.52 billion, a price-to-earnings ratio of 42.79, a PEG ratio of 1.70 and a beta of 1.60. The stock’s 50 day simple moving average is $66.59 and its 200-day simple moving average is $61.09.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last released its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.34% and a return on equity of 8.24%. On average, analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica declared that its Board of Directors has approved a share buyback plan on Thursday, November 6th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $502,000. Jones Financial Companies Lllp grew its stake in Embraer-Empresa Brasileira de Aeronautica by 98.2% in the 1st 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 last quarter. Janney Montgomery Scott LLC raised its holdings in Embraer-Empresa Brasileira de Aeronautica by 153.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 13,665 shares of the aerospace company’s stock worth $778,000 after acquiring an additional 8,269 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Embraer-Empresa Brasileira de Aeronautica by 15.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 832,416 shares of the aerospace company’s stock worth $47,373,000 after acquiring an additional 110,836 shares during the last quarter. Finally, Leavell Investment Management Inc. boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 13.5% during the second quarter. Leavell Investment Management Inc. now owns 11,545 shares of the aerospace company’s stock valued at $657,000 after acquiring an additional 1,375 shares during the period. Institutional investors 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.