JPMorgan Chase & Co. Has Lowered Expectations for Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Price

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from $84.00 to $80.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 34.45% from the company’s current price.

Several other equities analysts have also weighed in on EMBJ. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Zacks Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.86.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

EMBJ traded down $0.86 during trading on Tuesday, hitting $59.50. 642,627 shares of the company traded hands, compared to its average volume of 1,373,326. The firm has a market cap of $10.75 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 1.38 and a beta of 1.51. The stock’s fifty day moving average is $63.33 and its 200 day moving average is $66.62. The company has a quick ratio of 0.82, a current ratio of 1.50 and a debt-to-equity ratio of 0.65. Embraer-Empresa Brasileira de Aeronautica has a one year low of $45.20 and a one year high of $80.75.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last posted its quarterly earnings results on Saturday, February 14th. The aerospace company reported $0.46 earnings per share for the quarter. The company had revenue of $2.65 billion during the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 3.94% and a return on equity of 6.08%. As a group, equities analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 3.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 283.3% in the third quarter. SG Americas Securities LLC now owns 26,776 shares of the aerospace company’s stock worth $1,619,000 after buying an additional 19,790 shares in the last quarter. Brighton Jones LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $502,000. Quent Capital LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $2,446,000. Burns Matteson Capital Management LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $641,000. Finally, Navellier & Associates Inc. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $5,264,000. 34.65% of the stock is owned by hedge funds and other 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.