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

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) have earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $64.4286.

Several brokerages have recently issued reports on EMBJ. JPMorgan Chase & Co. boosted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Tuesday, March 10th. Zacks Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Weiss Ratings cut Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a report on Saturday, March 14th.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth $27,000. CoreCap Advisors LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth approximately $39,000. 1620 Investment Advisors Inc. acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth approximately $44,000. Gen Wealth Partners Inc acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $74,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $90,000. Institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Trading Down 11.1%

NYSE EMBJ opened at $60.22 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.82 and a debt-to-equity ratio of 0.65. The company’s fifty day simple moving average is $63.81 and its 200-day simple moving average is $66.65. The stock has a market cap of $10.88 billion, a P/E ratio of 35.22, a PEG ratio of 1.38 and a beta of 1.51. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $45.20 and a 52 week high of $80.75.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last released its quarterly earnings results on Saturday, February 14th. The aerospace company reported $0.46 earnings per share for the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.64% and a return on equity of 7.45%. The business had revenue of $2.65 billion during the quarter. Equities research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 3.04 EPS for the current fiscal year.

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.