Analysts Set Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Price Target at $63.86

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $63.8571.

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its position in Embraer-Empresa Brasileira de Aeronautica by 15.7% in the third quarter. Farther Finance Advisors LLC now owns 2,149 shares of the aerospace company’s stock valued at $130,000 after acquiring an additional 291 shares during the last quarter. CoreCap Advisors LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $39,000. Ethic Inc. increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 13.8% during the third quarter. Ethic Inc. now owns 5,503 shares of the aerospace company’s stock valued at $333,000 after acquiring an additional 666 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $44,000. Finally, Leavell Investment Management Inc. grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 6.1% during the third quarter. Leavell Investment Management Inc. now owns 12,245 shares of the aerospace company’s stock worth $740,000 after buying an additional 700 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

EMBJ opened at $73.17 on Tuesday. The stock has a fifty day moving average of $71.20 and a 200-day moving average of $64.78. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $38.78 and a fifty-two week high of $80.75. 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 declared that its Board of Directors has approved a stock buyback program on Thursday, November 6th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

About Embraer-Empresa Brasileira de Aeronautica

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.