Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Price Target Raised to $84.00 at JPMorgan Chase & Co.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) had its price target hoisted by JPMorgan Chase & Co. from $80.00 to $84.00 in a report released on Tuesday,Benzinga reports. The firm currently has an overweight rating on the aerospace company’s stock.

Embraer-Empresa Brasileira de Aeronautica Stock Up 2.1%

Shares of Embraer-Empresa Brasileira de Aeronautica stock opened at $65.79 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.67 and a current ratio of 1.50. The stock’s 50 day simple moving average is $71.62 and its 200-day simple moving average is $65.46. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $38.78 and a 1-year high of $80.75.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 15.7% in the 3rd 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 period. CoreCap Advisors LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $39,000. Ethic Inc. increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 13.8% in the 3rd quarter. Ethic Inc. now owns 5,503 shares of the aerospace company’s stock valued at $333,000 after purchasing an additional 666 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $44,000. Finally, Leavell Investment Management Inc. raised its position in Embraer-Empresa Brasileira de Aeronautica by 6.1% in the third quarter. Leavell Investment Management Inc. now owns 12,245 shares of the aerospace company’s stock valued at $740,000 after purchasing an additional 700 shares during the period. 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.