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

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $67.2857.

A number of brokerages have issued reports on EMBJ. Scotiabank began coverage on Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, June 8th. They set a “sector outperform” rating and a $81.00 price target for the company. JPMorgan Chase & Co. decreased their price target on Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Zacks Research lowered Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Finally, Weiss Ratings lowered Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of EMBJ stock opened at $63.75 on Monday. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $46.54 and a 12-month high of $80.75. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.46. The business has a 50 day simple moving average of $60.17 and a 200 day simple moving average of $64.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.73.

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

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $502,000. Jones Financial Companies Lllp boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 747 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 99.2% during the 2nd quarter. NewEdge Advisors LLC now owns 16,795 shares of the aerospace company’s stock worth $956,000 after acquiring an additional 8,365 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 1.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 803,640 shares of the aerospace company’s stock worth $45,735,000 after acquiring an additional 12,131 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter worth $336,000. 34.65% of the stock is owned by institutional investors.

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.