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

by · The Cerbat Gem

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other research firms have also issued reports on EMBJ. Scotiabank started coverage on Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, June 8th. They set a “sector outperform” rating and a $81.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of 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 assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.00.

Read Our Latest Stock Analysis on EMBJ

Embraer-Empresa Brasileira de Aeronautica Price Performance

Embraer-Empresa Brasileira de Aeronautica stock opened at $75.33 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.44 and a quick ratio of 0.72. The company has a market capitalization of $13.61 billion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 1.76 and a beta of 1.44. Embraer-Empresa Brasileira de Aeronautica has a one year low of $53.56 and a one year high of $80.75. The business has a 50 day simple moving average of $65.20 and a 200 day simple moving average of $64.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Ascentis Independent Advisors acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at $27,000. 1620 Investment Advisors Inc. bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $44,000. Gen Wealth Partners Inc bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $74,000. Bruce G. Allen Investments LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth $90,000. Finally, Jones Financial Companies Lllp boosted its stake in 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 purchasing an additional 747 shares in the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Company Profile

(Get Free Report)

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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