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

Wall Street Zen upgraded shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJFree Report) from a hold rating to a buy rating in a report released on Saturday.

EMBJ has been the subject of several other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, July 20th. Scotiabank initiated coverage on Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They set a “sector outperform” rating and a $81.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped 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 note on Friday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $80.00.

Read Our Latest Research Report on EMBJ

Embraer-Empresa Brasileira de Aeronautica Stock Up 1.5%

EMBJ opened at $75.33 on Friday. The company has a market capitalization of $13.61 billion, a P/E ratio of 30.50, a P/E/G ratio of 1.76 and a beta of 1.44. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.44 and a quick ratio of 0.73. The firm’s fifty day moving average price is $65.20 and its two-hundred day moving average price is $64.77. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $53.56 and a fifty-two week high of $80.75.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Hedge funds have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter worth about $27,000. 1620 Investment Advisors Inc. bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $44,000. Jones Financial Companies Lllp increased 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 valued at $70,000 after purchasing an additional 747 shares in the last quarter. Gen Wealth Partners Inc bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth approximately $74,000. Finally, Bruce G. Allen Investments LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $90,000. Institutional investors own 34.65% of the company’s stock.

About Embraer-Empresa Brasileira de Aeronautica

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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.

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