JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) had its price objective boosted by analysts at JPMorgan Chase & Co. from $80.00 to $84.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 27.68% from the company’s previous close.

Embraer-Empresa Brasileira de Aeronautica Stock Up 2.1%

EMBJ stock traded up $1.36 during mid-day trading on Tuesday, reaching $65.79. The company had a trading volume of 1,930,509 shares, compared to its average volume of 1,019,447. Embraer-Empresa Brasileira de Aeronautica has a one year low of $38.78 and a one year high of $80.75. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.67 and a current ratio of 1.43. The stock’s 50-day simple moving average is $71.61 and its two-hundred day simple moving average is $65.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 15.7% during the third quarter. Farther Finance Advisors LLC now owns 2,149 shares of the aerospace company’s stock valued at $130,000 after buying an additional 291 shares during the last quarter. CoreCap Advisors LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth approximately $39,000. Ethic Inc. grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 13.8% in the 3rd quarter. Ethic Inc. now owns 5,503 shares of the aerospace company’s stock worth $333,000 after buying an additional 666 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $44,000. Finally, Leavell Investment Management Inc. raised its stake in Embraer-Empresa Brasileira de Aeronautica by 6.1% during the 3rd quarter. Leavell Investment Management Inc. now owns 12,245 shares of the aerospace company’s stock valued at $740,000 after acquiring an additional 700 shares in the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

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.