Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Receives $63.86 Average Target Price from Brokerages

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $63.8571.

A number of brokerages recently issued reports on EMBJ. Bank of America lifted their price target on Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Citigroup upped their price target on Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, Zacks Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Jones Financial Companies Lllp increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% in the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock valued at $70,000 after buying an additional 747 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 241.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,766 shares of the aerospace company’s stock worth $82,000 after acquiring an additional 1,249 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1,608.7% during the second quarter. First Horizon Advisors Inc. now owns 2,170 shares of the aerospace company’s stock worth $123,000 after purchasing an additional 2,043 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 15.7% during the third quarter. Farther Finance Advisors LLC now owns 2,149 shares of the aerospace company’s stock valued at $130,000 after purchasing an additional 291 shares during the last quarter. Finally, Rexford Capital Inc. acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter valued at $203,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of NYSE:EMBJ opened at $69.85 on Monday. The business has a fifty day simple moving average of $65.40 and a 200-day simple moving average of $60.14. The company has a quick ratio of 0.67, a current ratio of 1.43 and a debt-to-equity ratio of 0.55. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $36.79 and a 52 week high of $70.86. The company has a market cap of $12.74 billion, a P/E ratio of 40.61, a P/E/G ratio of 1.59 and a beta of 1.60.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last announced its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 8.24% and a net margin of 4.34%. Equities research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Embraer-Empresa Brasileira de Aeronautica declared that its Board of Directors has approved a share buyback program on Thursday, November 6th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.