Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Embraer has a “Moderate Buy” consensus rating from six analysts, with four buys and two holds. The average 12-month price target is $80, while JPMorgan recently raised its target to $104 and Scotiabank initiated coverage with an $81 target.
• EMBJ opened at $77.22 and is trading near its 52-week high of $80.75, with a market capitalization of approximately $13.95 billion and a P/E ratio of 31.26.
• Institutional investors have continued building positions in Embraer, and institutions now own 34.65% of the company’s stock.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Get Free Report) have earned an average rating of "Moderate Buy" from the six research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $80.00.

Several research analysts have commented on the stock. Weiss Ratings upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday. 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 price target on the stock. Wall Street Zen raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. raised 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 report on Friday.

Embraer-Empresa Brasileira de Aeronautica Price Performance

EMBJ opened at $77.22 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 1.44. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $53.56 and a 52-week high of $80.75. The stock has a market capitalization of $13.95 billion, a PE ratio of 31.26, a price-to-earnings-growth ratio of 1.76 and a beta of 1.44. The stock's 50 day moving average price is $65.61 and its 200-day moving average price is $64.66.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EMBJ. AlpenGlobal Capital LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at approximately $1,534,000. Brighton Jones LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth $502,000. AMS Capital Ltda purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at $2,279,000. FNY Investment Advisers LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at $1,033,000. Finally, Navellier & Associates Inc. bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $5,264,000. Institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Embraer SA NYSE: EMBJ, legally known as Embraer – Empresa Brasileira de Aeronáutica SA, is a global aerospace company headquartered in São José dos Campos, Brazil. The company designs, develops, manufactures and sells commercial, executive, defence and agricultural aircraft. Embraer’s product portfolio includes the popular E-Jets family for regional and short-haul carriers, the advanced E2 series, a range of business jets under the Phenom, Legacy and Praetor brands, the A-29 Super Tucano military trainer and light attack aircraft, the C-390 Millennium multi-mission transport platform, and the Ipanema agricultural aircraft.

Embraer’s commercial aviation segment focuses on regional airlines and air taxi operators, offering aircraft that seat between 70 and 150 passengers.

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