Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Upgraded at Wall Street Zen

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

A number of other brokerages have also commented on EMBJ. JPMorgan Chase & Co. lifted their price objective on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the stock an “overweight” rating in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, July 20th. Finally, Scotiabank assumed coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 target price on the stock. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.00.

Embraer-Empresa Brasileira de Aeronautica Trading Up 2.4%

Shares of EMBJ stock opened at $77.22 on Friday. The company has a market capitalization of $13.95 billion, a P/E ratio of 31.26, a P/E/G ratio of 1.76 and a beta of 1.44. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $53.56 and a 12-month high of $80.75. The company has a quick ratio of 0.72, a current ratio of 1.44 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $65.61 and a 200 day moving average price of $64.66.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $68,460,000. Lord Abbett & CO. LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $28,696,000. Vaughan Nelson Investment Management L.P. bought a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth about $21,687,000. Russell Investments Group Ltd. bought a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth about $21,288,000. Finally, Ameriprise Financial Inc. grew its stake in Embraer-Empresa Brasileira de Aeronautica by 20.7% in the third quarter. Ameriprise Financial Inc. now owns 970,129 shares of the aerospace company’s stock valued at $58,644,000 after acquiring an additional 166,489 shares during the period. 34.65% of the stock is owned by 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.