Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Receives $63.86 Consensus Price Target from Brokerages

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) have been given a consensus rating of “Moderate Buy” by the ten ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $63.8571.

Several brokerages have issued reports on EMBJ. Zacks Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Citigroup upped their price target on Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. raised their price objective on Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, October 8th.

Embraer-Empresa Brasileira de Aeronautica Stock Up 1.2%

Shares of NYSE:EMBJ opened at $71.50 on Monday. The firm has a market cap of $12.98 billion, a PE ratio of 41.57, a price-to-earnings-growth ratio of 1.63 and a beta of 1.60. The company has a fifty day simple moving average of $65.65 and a 200 day simple moving average of $60.34. The company has a current ratio of 1.43, a quick ratio of 0.67 and a debt-to-equity ratio of 0.55. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $36.79 and a 12-month high of $72.31.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 8.24% and a net margin of 4.34%. On average, equities research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica declared that its board has initiated a share buyback plan on Thursday, November 6th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 153.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 13,665 shares of the aerospace company’s stock valued at $778,000 after purchasing an additional 8,269 shares during the period. Brighton Jones LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $502,000. Scientech Research LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at approximately $1,322,000. Bayforest Capital Ltd bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $315,000. Finally, Fred Alger Management LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $272,000. 34.65% of the stock is currently owned by institutional investors.

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.