Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Has Consensus Target Price of $85.00 According to Brokerages

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) have been given a consensus rating of “Buy” by the five research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $85.00.

A number of equities analysts have recently commented on EMBJ shares. JPMorgan Chase & Co. raised their price target on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. Wall Street Zen upgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 23rd. Weiss Ratings cut Embraer-Empresa Brasileira de Aeronautica from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 25th. Finally, Zacks Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 29th.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Institutional investors and hedge funds have recently modified their holdings of the company. AMS Capital Ltda purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter worth approximately $2,279,000. AlpenGlobal Capital LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth about $1,534,000. Corient Private Wealth LP purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter worth approximately $1,909,000. FNY Investment Advisers LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the second quarter worth $1,033,000. Finally, Aubrey Capital Management Ltd bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter valued at about $14,904,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Stock Up 0.2%

Embraer-Empresa Brasileira de Aeronautica stock opened at $71.14 on Wednesday. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $53.56 and a 1-year high of $80.75. The firm has a market capitalization of $12.85 billion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 1.57 and a beta of 1.40. The company has a current ratio of 1.44, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. The firm has a 50 day simple moving average of $74.38 and a 200 day simple moving average of $66.39.

About Embraer-Empresa Brasileira de Aeronautica

Embraer SA, formerly known as Empresa Brasileira de Aeronáutica, is a Brazilian aerospace company that designs, develops, manufactures and supports aircraft and related systems. Founded in 1969 and headquartered in São José dos Campos, Brazil, the company serves commercial, business aviation, defense and security, and agricultural aviation markets.

In commercial aviation, Embraer produces the E-Jets family, including the E2 series of small- and medium-sized passenger aircraft. Its executive aviation portfolio includes the Phenom and Praetor business jet families.