Embraer-Empresa Brasileira de Aeronautica Sees Unusually High Options Volume (NYSE:EMBJ)

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) was the target of unusually large options trading on Thursday. Stock traders purchased 10,547 call options on the stock. This represents an increase of approximately 703% compared to the typical daily volume of 1,314 call options.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EMBJ shares. Citigroup raised 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 note on Wednesday, October 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Bank of America upped their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica presently has an average rating of “Moderate Buy” and an average price target of $63.86.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several institutional investors and hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. lifted its holdings in Embraer-Empresa Brasileira de Aeronautica by 22.7% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,172,217 shares of the aerospace company’s stock worth $66,711,000 after purchasing an additional 217,015 shares during the last quarter. Ameriprise Financial Inc. increased its position in Embraer-Empresa Brasileira de Aeronautica by 20.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 970,129 shares of the aerospace company’s stock worth $58,644,000 after buying an additional 166,489 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 15.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 832,416 shares of the aerospace company’s stock worth $47,373,000 after buying an additional 110,836 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 50.6% in the third quarter. Russell Investments Group Ltd. now owns 254,766 shares of the aerospace company’s stock valued at $15,401,000 after acquiring an additional 85,604 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the second quarter valued at about $11,046,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Trading Up 1.3%

EMBJ stock opened at $70.72 on Friday. Embraer-Empresa Brasileira de Aeronautica has a one year low of $36.79 and a one year high of $72.31. The stock has a market cap of $12.83 billion, a price-to-earnings ratio of 41.12, a price-to-earnings-growth ratio of 1.60 and a beta of 1.60. The company has a fifty day moving average price of $65.51 and a two-hundred day moving average price of $60.21. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.43 and a quick ratio of 0.67.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last posted its earnings results on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Embraer-Empresa Brasileira de Aeronautica announced that its Board of Directors has initiated a stock 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 usually a sign that the company’s leadership believes its stock is 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.