Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Receives $64.43 Consensus PT from Brokerages

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $64.4286.

Several brokerages have recently weighed in on EMBJ. JPMorgan Chase & Co. upped their price objective 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. Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Zacks Research raised Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of institutional investors have recently modified their holdings of EMBJ. Brighton Jones LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $502,000. Jones Financial Companies Lllp raised its holdings in Embraer-Empresa Brasileira de Aeronautica by 98.2% during the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock worth $70,000 after buying an additional 747 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 7.3% in the second quarter. Russell Investments Group Ltd. now owns 169,162 shares of the aerospace company’s stock valued at $9,627,000 after buying an additional 11,535 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 118.8% during the second quarter. Quantbot Technologies LP now owns 21,313 shares of the aerospace company’s stock valued at $1,213,000 after buying an additional 11,574 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 99.2% during the second quarter. NewEdge Advisors LLC now owns 16,795 shares of the aerospace company’s stock valued at $956,000 after buying an additional 8,365 shares during the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Stock Up 1.9%

Embraer-Empresa Brasileira de Aeronautica stock opened at $58.94 on Friday. The company has a market capitalization of $10.65 billion, a PE ratio of 30.70, a PEG ratio of 1.42 and a beta of 1.55. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $38.78 and a 12-month high of $80.75. The firm’s fifty day moving average is $69.22 and its 200 day moving average is $65.50. The company has a quick ratio of 0.82, a current ratio of 1.50 and a debt-to-equity ratio of 0.65.

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.