Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Embraer from “hold” to “buy.” Other analysts remain broadly positive, giving the stock a consensus “Moderate Buy” rating and an average price target of $80.00.
• Embraer shares opened at $75.33, near their 52-week high of $80.75, with a $13.61 billion market capitalization and a P/E ratio of 30.50.
• Institutional investors have continued building positions, and hedge funds and other institutions currently own 34.65% of the company.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Several other brokerages have also commented on EMBJ. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, July 20th. JPMorgan Chase & Co. boosted their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Scotiabank assumed coverage on Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, June 8th. They issued a "sector outperform" rating and a $81.00 target price on the stock. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.00.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Embraer-Empresa Brasileira de Aeronautica stock opened at $75.33 on Friday. The stock has a fifty day moving average price of $65.20 and a 200 day moving average price of $64.77. The company has a current ratio of 1.44, a quick ratio of 0.73 and a debt-to-equity ratio of 0.61. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $53.56 and a 52 week high of $80.75. The firm has a market capitalization of $13.61 billion, a P/E ratio of 30.50, a PEG ratio of 1.73 and a beta of 1.44.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Institutional investors have recently bought and sold shares of the business. Ascentis Independent Advisors acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter worth $27,000. 1620 Investment Advisors Inc. acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $44,000. Jones Financial Companies Lllp lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% during 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 in the last quarter. Gen Wealth Partners Inc purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $74,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at about $90,000. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

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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