Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Price Target Cut to $80.00 by Analysts at JPMorgan Chase & Co.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) had its price objective trimmed by JPMorgan Chase & Co. from $84.00 to $80.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the aerospace company’s stock.

EMBJ has been the topic of several other reports. Zacks Research lowered Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. 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, Weiss Ratings lowered Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.86.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

EMBJ stock opened at $59.83 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71. The firm has a market cap of $10.81 billion, a P/E ratio of 34.99, a P/E/G ratio of 1.41 and a beta of 1.51. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $45.20 and a 12-month high of $80.75. The stock’s 50 day simple moving average is $63.08 and its 200 day simple moving average is $66.60.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last posted its quarterly earnings results on Saturday, February 14th. The aerospace company reported $0.46 earnings per share (EPS) for the quarter. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 6.13% and a net margin of 3.94%.The business had revenue of $2.65 billion for the quarter. As a group, equities research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 3 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EMBJ. Brighton Jones LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at about $502,000. Jones Financial Companies Lllp boosted its stake 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 valued at $70,000 after buying an additional 747 shares in the last quarter. NewEdge Advisors LLC boosted its stake in 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 in the last quarter. Ameriprise Financial Inc. boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 1.5% during the second quarter. Ameriprise Financial Inc. now owns 803,640 shares of the aerospace company’s stock valued at $45,735,000 after buying an additional 12,131 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at about $336,000. Institutional investors own 34.65% of the company’s stock.

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.