Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Coverage Initiated by Analysts at Scotiabank

Investment analysts at Scotiabank assumed coverage on shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) in a note issued to investors on Monday. The firm set a “sector outperform” rating and a $81.00 price target on the aerospace company’s stock. Scotiabank’s target price would indicate a potential upside of 42.91% from the company’s current price.

Several other analysts have also recently issued reports on the company. Weiss Ratings cut Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. JPMorgan Chase & Co. cut their price objective on Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Finally, Zacks Research cut Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $67.29.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

NYSE:EMBJ opened at $56.68 on Monday. The company has a fifty day moving average of $61.34 and a 200 day moving average of $65.57. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $46.26 and a 52 week high of $80.75. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $10.24 billion, a P/E ratio of 33.15, a P/E/G ratio of 1.36 and a beta of 1.46.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last announced its quarterly earnings results on Saturday, February 14th. The aerospace company reported $0.46 earnings per share (EPS) for the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 3.94% and a return on equity of 6.13%. The business had revenue of $2.65 billion for the quarter. On average, research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.9 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EMBJ. Bank of New York Mellon Corp grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 8.2% in the first quarter. Bank of New York Mellon Corp now owns 136,065 shares of the aerospace company’s stock worth $8,074,000 after acquiring an additional 10,346 shares during the last quarter. AlpenGlobal Capital LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth about $1,534,000. Ibex Wealth Advisors boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 11.8% in the 1st quarter. Ibex Wealth Advisors now owns 83,198 shares of the aerospace company’s stock worth $4,937,000 after purchasing an additional 8,759 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at about $27,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at about $21,687,000. Hedge funds and other institutional investors 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.