Analysts Set Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Price Target at $80.00

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) has been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $80.00.

EMBJ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Wall Street Zen upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a report on Sunday. Scotiabank initiated coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 price objective for the company. Finally, Weiss Ratings raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 14th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EMBJ. Ascentis Independent Advisors bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at $27,000. 1620 Investment Advisors Inc. bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth about $44,000. Gen Wealth Partners Inc purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $74,000. Bruce G. Allen Investments LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $90,000. Finally, Jones Financial Companies Lllp increased its stake in shares of 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 purchasing an additional 747 shares in the last quarter. Institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Stock Up 0.2%

Shares of NYSE:EMBJ opened at $76.12 on Tuesday. The stock’s 50-day moving average is $67.53 and its 200 day moving average is $64.73. The company has a market cap of $13.75 billion, a PE ratio of 30.82, a P/E/G ratio of 1.74 and a beta of 1.44. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.44 and a quick ratio of 0.72. Embraer-Empresa Brasileira de Aeronautica has a 1 year low of $53.56 and a 1 year high of $80.75.

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.