Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Dropped to "Hold" by Zacks Research

Key Points

• Zacks Research downgraded Embraer from “strong buy” to “hold.” Despite the downgrade, MarketBeat’s analyst consensus remained “Moderate Buy,” with a $92.50 average price target.
• Embraer shares were down 3.4%; the stock opened at $79.65, within a 52-week range of $53.56 to $83.46.
• The company reported quarterly EPS of $0.41, missing analysts’ $0.87 estimate by $0.46, on revenue of $2.33 billion.

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

EMBJ has been the subject of several other research reports. Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 24th. Weiss Ratings upgraded Embraer-Empresa Brasileira de Aeronautica from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday. Finally, JPMorgan Chase & Co. increased their price objective on 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. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica currently has an average rating of "Moderate Buy" and a consensus target price of $92.50.

Embraer-Empresa Brasileira de Aeronautica Stock Down 3.4%

Embraer-Empresa Brasileira de Aeronautica stock opened at $79.65 on Wednesday. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $53.56 and a fifty-two week high of $83.46. The firm has a market capitalization of $14.39 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 1.88 and a beta of 1.50. The stock's fifty day moving average is $74.56 and its two-hundred day moving average is $67.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 1.31.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Get Free Report) last issued its quarterly earnings data on Tuesday, November 10th. The aerospace company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.46). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 12.47% and a net margin of 4.61%. The business had revenue of $2.33 billion for the quarter. Analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of institutional investors have recently added to or reduced their stakes in EMBJ. Bullock Wealth Management Group purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 3rd quarter worth about $29,000. Harbour Investments Inc. acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 3rd quarter valued at about $38,000. GAMMA Investing LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 3rd quarter worth about $66,000. Parallel Advisors LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 3rd quarter worth about $145,000. Finally, Bogart Wealth LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the 3rd quarter worth approximately $226,000. Hedge funds and other institutional investors own 34.65% of the company's stock.

About Embraer-Empresa Brasileira de Aeronautica

Embraer, formerly Empresa Brasileira de Aeronáutica, is a Brazilian aerospace company founded in 1969. Headquartered in São José dos Campos, Brazil, it develops, manufactures and supports aircraft and related aviation products and services. The company's businesses include commercial aviation, executive aviation, and defense and security. Its offerings include E-Jets and E-Jets E2 commercial aircraft, Phenom and Praetor business jets, and defense aircraft such as the C-390 Millennium transport aircraft and A-29 Super Tucano.

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