Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) have been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $85.00.

Several equities analysts have weighed in on the company. Scotiabank started coverage on Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They set a “sector outperform” rating and a $81.00 price target for the company. Weiss Ratings raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, September 9th. JPMorgan Chase & Co. boosted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th. Finally, Wall Street Zen upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 23rd.

Embraer-Empresa Brasileira de Aeronautica Stock Up 0.4%

Shares of EMBJ stock opened at $74.87 on Friday. The company’s fifty day simple moving average is $71.67 and its two-hundred day simple moving average is $65.06. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $53.56 and a 52 week high of $80.75. The stock has a market cap of $13.53 billion, a P/E ratio of 30.31, a PEG ratio of 1.65 and a beta of 1.40. The company has a quick ratio of 0.72, a current ratio of 1.44 and a debt-to-equity ratio of 0.61.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Corient Private Wealth LP purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at approximately $1,909,000. Nykredit A S bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter valued at approximately $422,000. MBA Advisors LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter valued at approximately $520,000. Aubrey Capital Management Ltd purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter valued at $14,904,000. Finally, RPg Family Wealth Advisory LLC raised its holdings in Embraer-Empresa Brasileira de Aeronautica by 2.7% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 289,032 shares of the aerospace company’s stock valued at $18,440,000 after buying an additional 7,556 shares during the period. Institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Embraer SA, formerly known as Empresa Brasileira de Aeronáutica, is a Brazilian aerospace company headquartered in São José dos Campos, São Paulo. Founded in 1969, the company designs, develops, manufactures and supports aircraft for commercial aviation, executive aviation, defense and security, and specialized applications.

Embraer’s commercial aviation portfolio includes the E-Jets and E-Jets E2 families of regional and small narrowbody aircraft. Its executive aviation business produces the Phenom and Praetor families of business jets.