Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Embraer from “strong buy” to “buy,” while the broader analyst consensus remains “Buy,” with an average price target of $92.50.
• Embraer shares opened at $70.80, up 2.3%, with a $12.79 billion market capitalization; the stock has traded between $53.56 and $80.75 over the past year.
• Institutional investors own 34.65% of the company, with several hedge funds recently establishing positions, including Aubrey Capital Management’s approximately $14.9 million stake.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

Other equities analysts also recently issued reports about the stock. Weiss Ratings raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, October 9th. JPMorgan Chase & Co. raised their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the company an "overweight" rating in a research note on Friday, August 14th. 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. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $92.50.

Embraer-Empresa Brasileira de Aeronautica Stock Up 2.3%

NYSE EMBJ opened at $70.80 on Friday. The stock has a market cap of $12.79 billion, a PE ratio of 27.57, a P/E/G ratio of 1.53 and a beta of 1.40. The business has a 50 day moving average price of $74.20 and a two-hundred day moving average price of $67.28. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $53.56 and a fifty-two week 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.

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. AMS Capital Ltda acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter valued at approximately $2,279,000. Corient Private Wealth LP purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the second quarter worth about $1,909,000. AlpenGlobal Capital LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at about $1,534,000. FNY Investment Advisers LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the second quarter valued at approximately $1,033,000. Finally, Aubrey Capital Management Ltd purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the second quarter valued at $14,904,000. Institutional investors own 34.65% of the company's stock.

About Embraer-Empresa Brasileira de Aeronautica

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, executive and defense applications.

Embraer's commercial aviation portfolio is centered on the E-Jets and E-Jets E2 families of regional and small mainline aircraft. Its executive aviation business produces the Phenom and Praetor business jet families, serving both private and corporate customers.

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