Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ – Get Free Report) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.
Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the stock an “overweight” rating in a research note on Friday, August 14th. Zacks Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Finally, Weiss Ratings upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, October 9th. One research 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 an average rating of “Buy” and a consensus target price of $92.50.
View Our Latest Report on Embraer-Empresa Brasileira de Aeronautica
Embraer-Empresa Brasileira de Aeronautica Stock Performance
EMBJ opened at $70.80 on Friday. The firm has a market cap of $12.79 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 1.56 and a beta of 1.40. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $53.56 and a 52-week 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 $67.31.
Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica
A number of large investors have recently modified their holdings of the business. Ascentis Independent Advisors acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth $27,000. Bullock Wealth Management Group acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the third quarter valued at about $29,000. GAMMA Investing LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the third quarter valued at about $66,000. Farther Finance Advisors LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the third quarter valued at about $300,000. Finally, Nykredit A S bought a new position in Embraer-Empresa Brasileira de Aeronautica in the second quarter valued at about $422,000. Institutional investors and hedge funds 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.
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