Analysts Set Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Target Price at $64.43

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $64.4286.

Several analysts recently weighed in on EMBJ shares. Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. JPMorgan Chase & Co. boosted their target price on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 10th. Finally, Zacks Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Embraer-Empresa Brasileira de Aeronautica stock opened at $58.75 on Friday. The firm has a market cap of $10.62 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 1.34 and a beta of 1.55. 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 stock’s fifty day moving average price is $69.77 and its two-hundred day moving average price is $65.57. Embraer-Empresa Brasileira de Aeronautica has a one year low of $38.78 and a one year high of $80.75.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $502,000. Jones Financial Companies Lllp boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 747 shares in the last quarter. Russell Investments Group Ltd. grew its position in Embraer-Empresa Brasileira de Aeronautica by 7.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 169,162 shares of the aerospace company’s stock worth $9,627,000 after acquiring an additional 11,535 shares during the last quarter. Quantbot Technologies LP grew its position in Embraer-Empresa Brasileira de Aeronautica by 118.8% during the 2nd quarter. Quantbot Technologies LP now owns 21,313 shares of the aerospace company’s stock worth $1,213,000 after acquiring an additional 11,574 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 99.2% in the 2nd quarter. NewEdge Advisors LLC now owns 16,795 shares of the aerospace company’s stock worth $956,000 after purchasing an additional 8,365 shares in the last quarter. 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.