Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) have been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $85.00.

EMBJ has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. Wall Street Zen raised Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 23rd. Weiss Ratings upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Scotiabank began 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 target for the company.

Embraer-Empresa Brasileira de Aeronautica Trading Up 0.9%

EMBJ opened at $75.43 on Friday. The stock has a 50-day moving average of $70.79 and a 200 day moving average of $64.99. The company has a current ratio of 1.44, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $53.56 and a 12 month high of $80.75. The firm has a market cap of $13.63 billion, a P/E ratio of 30.54, a P/E/G ratio of 1.65 and a beta of 1.40.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several institutional investors have recently made changes to their positions in EMBJ. Ascentis Independent Advisors purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth about $27,000. 1620 Investment Advisors Inc. purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth about $44,000. Jones Financial Companies Lllp lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 98.2% in the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 747 shares during the last quarter. Gen Wealth Partners Inc bought a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $74,000. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $90,000. Institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Embraer SA, formerly known as Empresa Brasileira de Aeronáutica, is a Brazilian aerospace company headquartered in São José dos Campos, São Paulo. Founded in 1969, the company designs, develops, manufactures and supports aircraft for commercial aviation, executive aviation, defense and security, and specialized applications.

Embraer’s commercial aviation portfolio includes the E-Jets and E-Jets E2 families of regional and small narrowbody aircraft. Its executive aviation business produces the Phenom and Praetor families of business jets.