JPMorgan Chase & Co. Increases Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Price Target to $84.00

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) had its price target raised by equities researchers at JPMorgan Chase & Co. from $80.00 to $84.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 27.68% from the stock’s previous close.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of EMBJ stock traded up $1.36 during mid-day trading on Tuesday, reaching $65.79. The company’s stock had a trading volume of 1,930,509 shares, compared to its average volume of 1,019,447. The company’s 50 day simple moving average is $71.61 and its 200-day simple moving average is $65.40. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $38.78 and a 12-month high of $80.75. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.67 and a current ratio of 1.43.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of large investors have recently modified their holdings of EMBJ. Farther Finance Advisors LLC grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 15.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,149 shares of the aerospace company’s stock valued at $130,000 after buying an additional 291 shares during the last quarter. CoreCap Advisors LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $39,000. Ethic Inc. boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 13.8% in the third quarter. Ethic Inc. now owns 5,503 shares of the aerospace company’s stock valued at $333,000 after acquiring an additional 666 shares during the period. 1620 Investment Advisors Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $44,000. Finally, Leavell Investment Management Inc. grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 6.1% during the third quarter. Leavell Investment Management Inc. now owns 12,245 shares of the aerospace company’s stock valued at $740,000 after purchasing an additional 700 shares during the last quarter. Institutional investors and hedge funds 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.