Navellier & Associates Inc. Buys Shares of 81,780 Embraer-Empresa Brasileira de Aeronautica $EMBJ

Key Points

• Navellier & Associates bought a new stake of 81,780 shares of Embraer (NYSE:EMBJ) in Q4, valued at about $5.26 million, while several other hedge funds also initiated positions and institutional ownership is 34.65%.
• Analyst sentiment is mixed but the consensus is a Moderate Buy with a $64.43 price target; JPMorgan raised its target to $84 and kept an "overweight" rating while Zacks, Wall Street Zen and Weiss issued downgrades.
• Embraer recently traded near $63.89 with a market cap of $11.54 billion, a P/E of 33.28 and a 12‑month range of $43.80–$80.75; the latest quarter showed $0.46 EPS on $2.65 billion in revenue.

Navellier & Associates Inc. bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 81,780 shares of the aerospace company's stock, valued at approximately $5,264,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bogart Wealth LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $193,000. Quent Capital LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $2,446,000. Farther Finance Advisors LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $251,000. Yousif Capital Management LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $200,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $111,000. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on EMBJ. Zacks Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 8th. JPMorgan Chase & Co. raised their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $84.00 and gave the company an "overweight" rating in a report on Tuesday, March 10th. Wall Street Zen downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Saturday, March 14th. Finally, Weiss Ratings downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, April 22nd. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.43.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of NYSE EMBJ opened at $63.89 on Wednesday. The company has a market cap of $11.54 billion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.51. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $43.80 and a 12 month high of $80.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.50 and a quick ratio of 0.82. The company has a 50-day simple moving average of $64.00 and a 200-day simple moving average of $66.53.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Get Free Report) last issued its quarterly earnings results on Saturday, February 14th. The aerospace company reported $0.46 EPS for the quarter. The business had revenue of $2.65 billion during the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.64% and a return on equity of 7.45%. On average, equities analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.89 earnings per share for the current year.

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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