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

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $65.00.

A number of equities research analysts have weighed in on EMBJ shares. Zacks Research downgraded Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. JPMorgan Chase & Co. cut their target price on Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Wall Street Zen cut Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings cut Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

A number of hedge funds and other institutional investors have recently made changes to their positions in EMBJ. Itau Unibanco Holding S.A. purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth about $68,460,000. Lord Abbett & CO. LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth about $28,696,000. Vaughan Nelson Investment Management L.P. purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth about $21,687,000. Russell Investments Group Ltd. purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth about $21,288,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 20.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 970,129 shares of the aerospace company’s stock worth $58,644,000 after purchasing an additional 166,489 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

NYSE:EMBJ opened at $55.07 on Thursday. The stock’s 50-day simple moving average is $61.42 and its 200 day simple moving average is $65.69. The firm has a market capitalization of $9.95 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 1.38 and a beta of 1.46. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $46.26 and a twelve month high of $80.75.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last posted its earnings results on Saturday, February 14th. The aerospace company reported $0.46 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, analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.9 EPS for the current fiscal year.

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.