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

Key Points

• Wall Street Zen upgraded Embraer to “strong buy” from “buy,” while other analysts remain broadly positive. The stock has a consensus “Moderate Buy” rating and an average price target of $80.00, with JPMorgan raising its target to $104.00.
• EMBJ shares opened at $75.82, near the company’s 12-month high of $80.75, and are trading above both their 50-day and 200-day moving averages.
• Institutional investors and hedge funds own 34.65% of Embraer, with several firms recently initiating or expanding positions in the aerospace company.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Sunday.

Several other research firms have also commented on EMBJ. Weiss Ratings raised Embraer-Empresa Brasileira de Aeronautica from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 14th. JPMorgan Chase & Co. increased 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 report on Friday, August 14th. Finally, Scotiabank assumed 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 target for the company. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $80.00.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of EMBJ stock opened at $75.82 on Friday. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $53.56 and a 12-month high of $80.75. The company has a current ratio of 1.44, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. The company has a market cap of $13.70 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 1.74 and a beta of 1.44. The stock has a 50 day simple moving average of $67.25 and a 200-day simple moving average of $64.78.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at $27,000. 1620 Investment Advisors Inc. acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at $44,000. Gen Wealth Partners Inc acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at $74,000. Bruce G. Allen Investments LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at about $90,000. Finally, Jones Financial Companies Lllp increased its position in Embraer-Empresa Brasileira de Aeronautica by 98.2% in the 1st 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. Institutional investors and hedge funds 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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