Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Receives $67.29 Consensus Price Target from Analysts

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $67.2857.

A number of equities research analysts have commented on EMBJ shares. Weiss Ratings reissued a “hold (c)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, July 20th. JPMorgan Chase & Co. decreased their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Zacks Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Finally, Scotiabank started coverage on Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 target price on the stock.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ascentis Independent Advisors purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth approximately $27,000. CoreCap Advisors LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $39,000. 1620 Investment Advisors Inc. purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $44,000. Jones Financial Companies Lllp raised its holdings in Embraer-Empresa Brasileira de Aeronautica by 98.2% during the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 747 shares in the last quarter. Finally, Fred Alger Management LLC raised its holdings in Embraer-Empresa Brasileira de Aeronautica by 5.8% during the third quarter. Fred Alger Management LLC now owns 15,918 shares of the aerospace company’s stock worth $962,000 after purchasing an additional 867 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Stock Down 0.1%

EMBJ stock opened at $64.84 on Friday. The company’s 50 day moving average price is $60.88 and its 200 day moving average price is $64.91. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.73 and a current ratio of 1.48. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $46.54 and a fifty-two week high of $80.75. The firm has a market capitalization of $11.72 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 1.56 and a beta of 1.43.

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.