Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Now Rated "Buy" by Sell-Side Brokerages

Key Points

• Analysts have a consensus “Buy” rating on Embraer, with three buy ratings, one strong buy, and one hold. The average 12-month price target is $85.00.
• JPMorgan raised its price target to $104 from $80 and assigned an “overweight” rating, while Zacks Research and Wall Street Zen upgraded the stock to “strong buy”; Weiss Ratings downgraded it to “hold.”
• Embraer shares opened at $75.19, with a market capitalization of $13.59 billion and a 52-week trading range of $53.56 to $80.75. Institutional investors and hedge funds own approximately 34.65% of the stock.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Get Free Report) has received a consensus rating of "Buy" from the five ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $85.00.

Several equities research analysts have issued reports on EMBJ shares. Zacks Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 29th. Weiss Ratings downgraded Embraer-Empresa Brasileira de Aeronautica from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, September 25th. JPMorgan Chase & Co. raised their price target 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. Finally, Wall Street Zen raised 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 Price Performance

NYSE EMBJ opened at $75.19 on Wednesday. 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 cap of $13.59 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 1.66 and a beta of 1.40. The business has a 50 day simple moving average of $74.18 and a 200 day simple moving average of $66.15. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $53.56 and a 52-week high of $80.75.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several hedge funds have recently bought and sold shares of EMBJ. Ascentis Independent Advisors bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at about $27,000. Nykredit A S bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter valued at approximately $422,000. RPg Family Wealth Advisory LLC raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 2.7% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 289,032 shares of the aerospace company's stock worth $18,440,000 after acquiring an additional 7,556 shares in the last quarter. MBA Advisors LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at approximately $520,000. Finally, Ibex Wealth Advisors boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 11.8% during the first quarter. Ibex Wealth Advisors now owns 83,198 shares of the aerospace company's stock valued at $4,937,000 after purchasing an additional 8,759 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

About Embraer-Empresa Brasileira de Aeronautica

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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