Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Rating Lowered to Hold at Wall Street Zen

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Tuesday. Zacks Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Embraer-Empresa Brasileira de Aeronautica has a consensus rating of “Moderate Buy” and an average target price of $64.43.

Embraer-Empresa Brasileira de Aeronautica Price Performance

NYSE:EMBJ opened at $55.76 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.67 and a debt-to-equity ratio of 0.65. Embraer-Empresa Brasileira de Aeronautica has a one year low of $38.78 and a one year high of $80.75. The stock has a 50-day simple moving average of $71.26 and a 200 day simple moving average of $65.39.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth approximately $39,000. 1620 Investment Advisors Inc. bought a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $44,000. Jones Financial Companies Lllp increased its position in 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 worth $70,000 after buying an additional 747 shares during the period. Gen Wealth Partners Inc acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth $74,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at $90,000. 34.65% of the stock is owned by institutional investors.

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.