Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Rating Lowered by Wall Street Zen

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other analysts also recently issued reports on the stock. Zacks Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. JPMorgan Chase & Co. raised their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $64.43.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Embraer-Empresa Brasileira de Aeronautica stock opened at $55.76 on Friday. The firm has a market capitalization of $10.08 billion, a PE ratio of 29.04, a P/E/G ratio of 1.37 and a beta of 1.55. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $38.78 and a 52 week high of $80.75. The firm’s 50-day simple moving average is $71.26 and its 200 day simple moving average is $65.53. The company has a quick ratio of 0.82, a current ratio of 1.50 and a debt-to-equity ratio of 0.65.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted 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 purchasing an additional 291 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $39,000. Ethic Inc. raised its holdings in Embraer-Empresa Brasileira de Aeronautica by 13.8% in the third quarter. Ethic Inc. now owns 5,503 shares of the aerospace company’s stock valued at $333,000 after buying an additional 666 shares during the period. 1620 Investment Advisors Inc. purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $44,000. Finally, Leavell Investment Management Inc. lifted its position 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 valued at $740,000 after buying an additional 700 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

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.