Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Rating Lowered to Buy at Wall Street Zen

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

Several other brokerages have also weighed in on EMBJ. Zacks Research raised Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. JPMorgan Chase & Co. boosted their price objective on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the company an “overweight” rating in a research report on Friday, August 14th. Finally, Weiss Ratings upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $92.50.

Embraer-Empresa Brasileira de Aeronautica Stock Up 2.3%

Shares of EMBJ stock opened at $70.80 on Friday. Embraer-Empresa Brasileira de Aeronautica has a 1 year low of $53.56 and a 1 year high of $80.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 1.44. The business’s fifty day moving average is $74.20 and its 200-day moving average is $67.28. The stock has a market cap of $12.79 billion, a PE ratio of 27.57, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EMBJ. Quadrant Capital Group LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the third quarter worth $582,000. Bullock Wealth Management Group bought a new position in Embraer-Empresa Brasileira de Aeronautica during the 3rd quarter valued at approximately $29,000. GAMMA Investing LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 3rd quarter valued at about $66,000. Farther Finance Advisors LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the third quarter worth about $300,000. Finally, Corient Private Wealth LP purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the second quarter worth $1,909,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

About Embraer-Empresa Brasileira de Aeronautica

Embraer SA, formerly known as Empresa Brasileira de Aeronáutica, is a Brazilian aerospace company headquartered in São José dos Campos, São Paulo. Founded in 1969, the company designs, develops, manufactures and supports aircraft for commercial, executive and defense applications.

Embraer’s commercial aviation portfolio is centered on the E-Jets and E-Jets E2 families of regional and small mainline aircraft. Its executive aviation business produces the Phenom and Praetor business jet families, serving both private and corporate customers.