JPMorgan Chase & Co. Issues Positive Forecast for Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Price

Key Points

• JPMorgan raised Embraer’s price target from $80 to $104 and maintained an “overweight” rating, implying roughly 40.24% upside from the stock’s current price.
• Analyst sentiment is mixed: four analysts rate the stock Buy, two Hold, and one Sell. The consensus rating is “Hold,” with an average price target of $72.80.
• Embraer shares opened at $74.16, near the upper end of their 12-month range of $53.56 to $80.75, while institutional investors own 34.65% of the company.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Get Free Report) had its price objective upped by JPMorgan Chase & Co. from $80.00 to $104.00 in a report released on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the aerospace company's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 40.24% from the stock's current price.

EMBJ has been the topic of a number of other research reports. Scotiabank initiated coverage on Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They set a "sector outperform" rating and a $81.00 price objective on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, July 20th. Four 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, Embraer-Empresa Brasileira de Aeronautica has a consensus rating of "Hold" and an average target price of $72.80.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

NYSE EMBJ opened at $74.16 on Friday. 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 business's 50 day moving average is $64.82 and its two-hundred day moving average is $64.69. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $53.56 and a 12-month high of $80.75. The stock has a market capitalization of $13.40 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 1.73 and a beta of 1.44.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Ascentis Independent Advisors purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth about $27,000. 1620 Investment Advisors Inc. purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $44,000. Gen Wealth Partners Inc purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $74,000. Bruce G. Allen Investments LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth about $90,000. Finally, Jones Financial Companies Lllp raised its position in 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 acquiring an additional 747 shares during the last quarter. Hedge funds and other 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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