Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Passes Above Two Hundred Day Moving Average Following Analyst Downgrade

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) shares passed above its 200-day moving average during trading on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock has a 200-day moving average of $65.70 and traded as high as $68.27. Embraer-Empresa Brasileira de Aeronautica shares last traded at $67.61, with a volume of 1,033,542 shares traded.

Separately, JPMorgan Chase & Co. upped their target price on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Tuesday, March 10th. Six investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.43.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $39,000. 1620 Investment Advisors Inc. purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $44,000. Jones Financial Companies Lllp raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% in the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 747 shares during the last quarter. Gen Wealth Partners Inc purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at $74,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at $90,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Trading Up 1.9%

The firm has a market cap of $12.44 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 1.65 and a beta of 1.61. The business has a 50 day moving average of $65.98 and a 200 day moving average of $65.76. 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 (NYSE:EMBJ) last released its earnings results on Saturday, February 14th. The aerospace company reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $2.65 billion for the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.64% and a return on equity of 7.45%. On average, research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

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.