Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Upgraded at Zacks Research

Zacks Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) from a hold rating to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

Separately, JPMorgan Chase & Co. increased their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $64.43.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

EMBJ opened at $56.66 on Tuesday. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $38.78 and a fifty-two week high of $80.75. The firm has a 50-day moving average of $71.45 and a 200 day moving average of $65.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.67 and a current ratio of 1.50.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth about $39,000. 1620 Investment Advisors Inc. purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $44,000. Gen Wealth Partners Inc bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $74,000. Bruce G. Allen Investments LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $90,000. Finally, Jones Financial Companies Lllp lifted its stake 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 buying an additional 747 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors.

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.