Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) has been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $67.8333.

Several brokerages have recently issued reports on EMBJ. JPMorgan Chase & Co. dropped their target price on shares of 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. Scotiabank initiated coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They set a “sector outperform” rating and a $81.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, July 20th. Finally, Zacks Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

Several institutional investors and hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at approximately $1,033,000. Bank of New York Mellon Corp grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 8.2% during the first quarter. Bank of New York Mellon Corp now owns 136,065 shares of the aerospace company’s stock valued at $8,074,000 after buying an additional 10,346 shares during the last quarter. AlpenGlobal Capital LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth about $1,534,000. Ibex Wealth Advisors lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 11.8% during the 1st quarter. Ibex Wealth Advisors now owns 83,198 shares of the aerospace company’s stock valued at $4,937,000 after acquiring an additional 8,759 shares during the period. Finally, Ascentis Independent Advisors purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at approximately $27,000. 34.65% of the stock is currently owned by institutional investors.

Embraer-Empresa Brasileira de Aeronautica Trading Up 0.5%

EMBJ opened at $67.98 on Friday. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $53.56 and a 52 week high of $80.75. The stock has a market cap of $12.28 billion, a PE ratio of 39.75, a PEG ratio of 1.63 and a beta of 1.43. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average of $61.87 and a 200-day moving average of $64.85.

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.