Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Cut to Hold at Zacks Research

Zacks Research lowered shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. lifted their price target on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Tuesday, March 10th. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica has an average rating of “Moderate Buy” and an average target price of $64.43.

Embraer-Empresa Brasileira de Aeronautica Trading Up 1.9%

Shares of EMBJ stock opened at $68.86 on Wednesday. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $40.58 and a 52-week high of $80.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.82 and a current ratio of 1.50. The company has a 50-day simple moving average of $65.98 and a two-hundred day simple moving average of $65.76. The company has a market capitalization of $12.44 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 1.65 and a beta of 1.61.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last issued its quarterly earnings data on Saturday, February 14th. The aerospace company reported $0.46 earnings per share (EPS) for the quarter. The business had revenue of $2.65 billion during the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.64% and a return on equity of 7.45%. Research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. CoreCap Advisors LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $39,000. 1620 Investment Advisors Inc. purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at about $44,000. Jones Financial Companies Lllp increased its position 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 acquiring an additional 747 shares during the period. Gen Wealth Partners Inc purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at about $74,000. Finally, Bruce G. Allen Investments LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $90,000. 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.