Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Other analysts also recently issued research reports about the company. Zacks Research raised Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. JPMorgan Chase & Co. raised their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.43.

Embraer-Empresa Brasileira de Aeronautica Stock Down 1.6%

Shares of NYSE EMBJ opened at $55.76 on Friday. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $38.78 and a 52-week high of $80.75. The company has a current ratio of 1.50, a quick ratio of 0.67 and a debt-to-equity ratio of 0.65. The firm’s fifty day moving average is $71.26 and its two-hundred day moving average is $65.46.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $39,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at $44,000. Gen Wealth Partners Inc bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth about $74,000. Bruce G. Allen Investments LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth about $90,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 747 shares during the period. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

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.