Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Bumped Up to Strong-Buy by Zacks Research

Key Points

• Zacks Research upgraded Embraer to “strong buy” from “hold,” while other analysts remain broadly positive. The stock carries a consensus “buy” rating and an average price target of $85.
• Embraer shares opened at $75.32, near their 52-week high of $80.75, with a market capitalization of approximately $13.61 billion. The stock trades at a P/E ratio of 30.49.
• Institutional investors own 34.65% of Embraer’s shares, with several investment firms recently establishing new positions in the Brazilian aerospace company.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday, Zacks reports.

A number of other research analysts have also weighed in on EMBJ. JPMorgan Chase & Co. raised their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the company an "overweight" rating in a report on Friday, August 14th. Weiss Ratings lowered shares of Embraer-Empresa Brasileira de Aeronautica from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, September 25th. Wall Street Zen raised shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 23rd. Finally, Scotiabank began coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, June 8th. They set a "sector outperform" rating and a $81.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $85.00.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

NYSE EMBJ opened at $75.32 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.44 and a quick ratio of 0.72. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $53.56 and a 1-year high of $80.75. The business has a 50 day simple moving average of $73.53 and a two-hundred day simple moving average of $65.67. The stock has a market capitalization of $13.61 billion, a PE ratio of 30.49, a P/E/G ratio of 1.70 and a beta of 1.40.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

Large investors have recently modified their holdings of the company. Ascentis Independent Advisors purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the first quarter worth about $27,000. Nykredit A S purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter worth $422,000. MBA Advisors LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter worth $520,000. Atlas Capital Advisors Inc. acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $608,000. Finally, FNY Investment Advisers LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the second quarter valued at about $1,033,000. Hedge funds and other 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 that designs, develops, manufactures and supports aircraft and related systems. Founded in 1969 and headquartered in São José dos Campos, Brazil, the company serves commercial, business aviation, defense and security, and agricultural aviation markets.

In commercial aviation, Embraer produces the E-Jets family, including the E2 series of small- and medium-sized passenger aircraft. Its executive aviation portfolio includes the Phenom and Praetor business jet families.

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