Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Shares Gap Up - Should You Buy?

Key Points

• Embraer shares jumped 5.1%, opening at $78.85 versus a prior close of $73.01, and last trading at $77.32.
• Analyst sentiment is mixed: JPMorgan maintains an “overweight” rating with an $80 target, Scotiabank initiated a “sector outperform” rating with an $81 target, while the overall consensus is “Hold” with a $68 target price.
• Institutional investors own 34.65% of the company, while Embraer trades at a market capitalization of $13.86 billion and a price-to-earnings ratio of 44.86.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $73.01, but opened at $78.85. Embraer-Empresa Brasileira de Aeronautica shares last traded at $77.32, with a volume of 542,079 shares.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, May 12th. Scotiabank started 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. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $68.00.

Embraer-Empresa Brasileira de Aeronautica Trading Up 5.1%

The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 0.71. The firm has a market cap of $13.86 billion, a price-to-earnings ratio of 44.86, a PEG ratio of 1.76 and a beta of 1.44. The company has a fifty day moving average price of $63.47 and a 200-day moving average price of $64.78.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several hedge funds have recently bought and sold shares of EMBJ. AlpenGlobal Capital LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at $1,534,000. Brighton Jones LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at $502,000. Navellier & Associates Inc. acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at $5,264,000. Quent Capital LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at $2,446,000. Finally, Thoroughbred Financial Services LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at $1,003,000. Hedge funds and other institutional investors own 34.65% of the company's stock.

About Embraer-Empresa Brasileira de Aeronautica

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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