Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Embraer, with four buy ratings and one hold among five analysts. The average 12-month price target is $85.00.
• Recent research has been broadly positive: Weiss Ratings upgraded the stock to “buy,” Wall Street Zen raised it to “strong buy,” and JPMorgan lifted its price target from $80 to $104 while maintaining an “overweight” rating.
• Embraer shares opened at $75.43, near their 52-week high of $80.75, while hedge funds and institutional investors own 34.65% of the company.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Get Free Report) have received an average rating of "Moderate Buy" from the five research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $85.00.

EMBJ has been the topic of several research reports. Weiss Ratings upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday. Wall Street Zen raised Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 23rd. JPMorgan Chase & Co. increased their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the stock an "overweight" rating in a research note on Friday, August 14th. Finally, Scotiabank initiated coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They issued a "sector outperform" rating and a $81.00 price objective on the stock.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several large investors have recently made changes to their positions in the business. Brighton Jones LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at about $502,000. Jones Financial Companies Lllp increased its position in Embraer-Empresa Brasileira de Aeronautica by 98.2% in the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company's stock worth $70,000 after purchasing an additional 747 shares during the last quarter. NewEdge Advisors LLC increased its position in Embraer-Empresa Brasileira de Aeronautica by 99.2% in the second quarter. NewEdge Advisors LLC now owns 16,795 shares of the aerospace company's stock worth $956,000 after purchasing an additional 8,365 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Embraer-Empresa Brasileira de Aeronautica by 1.5% during the second quarter. Ameriprise Financial Inc. now owns 803,640 shares of the aerospace company's stock valued at $45,735,000 after purchasing an additional 12,131 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at $336,000. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Price Performance

EMBJ opened at $75.43 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 1.44. The stock has a market capitalization of $13.63 billion, a P/E ratio of 30.54, a P/E/G ratio of 1.65 and a beta of 1.40. The company's 50-day simple moving average is $70.79 and its two-hundred day simple moving average is $64.99. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $53.56 and a 52-week high of $80.75.

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.

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