Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Shares Gap Up – Should You Buy?

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $73.01, but opened at $78.85. Embraer-Empresa Brasileira de Aeronautica shares last traded at $77.32, with a volume of 542,079 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EMBJ shares. Weiss Ratings restated a “hold (c)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, July 20th. Scotiabank assumed coverage on Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut their price objective on Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $68.00.

Embraer-Empresa Brasileira de Aeronautica Stock Up 5.1%

The firm has a 50-day moving average of $63.47 and a two-hundred day moving average of $64.78. 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 company has a market capitalization of $13.86 billion, a PE ratio of 44.86, a price-to-earnings-growth ratio of 1.76 and a beta of 1.44.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Hedge funds have recently made changes to their positions in the stock. AlpenGlobal Capital LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at approximately $1,534,000. Brighton Jones LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $502,000. Navellier & Associates Inc. acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $5,264,000. Quent Capital LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $2,446,000. Finally, Thoroughbred Financial Services LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $1,003,000. 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.