Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Reaches New 12-Month High – What’s Next?

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $79.64 and last traded at $79.17, with a volume of 205622 shares traded. The stock had previously closed at $78.80.

Analysts Set New Price Targets

A number of research firms recently commented on EMBJ. JPMorgan Chase & Co. upped their price target on Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Citigroup boosted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. 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 Up 0.2%

The business’s 50 day moving average is $67.47 and its 200 day moving average is $61.56. The stock has a market cap of $14.47 billion, a price-to-earnings ratio of 45.90, a price-to-earnings-growth ratio of 1.81 and a beta of 1.60. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.67 and a current ratio of 1.43.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates 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%. Equities analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Embraer-Empresa Brasileira de Aeronautica announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 6th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Shares repurchase 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 large investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 22.7% in the second quarter. Itau Unibanco Holding S.A. now owns 1,172,217 shares of the aerospace company’s stock worth $66,711,000 after acquiring an additional 217,015 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the second quarter worth $11,046,000. Ameriprise Financial Inc. boosted its stake in 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 during the period. Vaughan Nelson Investment Management L.P. increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 15.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 832,416 shares of the aerospace company’s stock worth $47,373,000 after purchasing an additional 110,836 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 50.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 254,766 shares of the aerospace company’s stock valued at $15,401,000 after purchasing an additional 85,604 shares during the period. 34.65% of the stock is currently owned by institutional investors.

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.