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

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $67.2857.

EMBJ has been the topic of several recent analyst reports. Wall Street Zen cut Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Zacks Research cut Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Scotiabank initiated coverage on Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, June 8th. They set a “sector outperform” rating and a $81.00 price objective on the stock. Weiss Ratings cut Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. 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 on the stock in a research note on Tuesday, May 12th.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

A number of institutional investors and hedge funds have recently made changes to their positions in EMBJ. Ascentis Independent Advisors bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth approximately $27,000. CoreCap Advisors LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth approximately $39,000. 1620 Investment Advisors Inc. bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth approximately $44,000. Jones Financial Companies Lllp grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 98.2% in the 1st 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 in the last quarter. Finally, Gen Wealth Partners Inc bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth approximately $74,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

NYSE:EMBJ opened at $63.75 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.73 and a current ratio of 1.48. Embraer-Empresa Brasileira de Aeronautica has a one year low of $46.54 and a one year high of $80.75. The business’s 50-day simple moving average is $60.17 and its 200 day simple moving average is $64.98. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.46.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last released its quarterly earnings results on Saturday, February 14th. The aerospace company reported $0.46 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, sell-side analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.9 earnings per share for the current fiscal year.

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.