Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $80.00.

Several research analysts have commented on the stock. Weiss Ratings upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. Scotiabank began coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, June 8th. They set a “sector outperform” rating and a $81.00 price target on the stock. Wall Street Zen raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the stock an “overweight” rating in a report on Friday.

Embraer-Empresa Brasileira de Aeronautica Price Performance

EMBJ opened at $77.22 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 1.44. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $53.56 and a 52-week high of $80.75. The stock has a market capitalization of $13.95 billion, a PE ratio of 31.26, a price-to-earnings-growth ratio of 1.76 and a beta of 1.44. The stock’s 50 day moving average price is $65.61 and its 200-day moving average price is $64.66.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EMBJ. AlpenGlobal Capital LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at approximately $1,534,000. Brighton Jones LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth $502,000. AMS Capital Ltda purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at $2,279,000. FNY Investment Advisers LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at $1,033,000. Finally, Navellier & Associates Inc. bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $5,264,000. 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.