Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Raised to “Strong-Buy” at Zacks Research

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, JPMorgan Chase & Co. boosted their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Embraer-Empresa Brasileira de Aeronautica has an average rating of “Moderate Buy” and a consensus price target of $64.43.

Embraer-Empresa Brasileira de Aeronautica Trading Down 1.1%

Embraer-Empresa Brasileira de Aeronautica stock opened at $65.09 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.67 and a current ratio of 1.50. Embraer-Empresa Brasileira de Aeronautica has a one year low of $38.78 and a one year high of $80.75. The company has a 50-day simple moving average of $71.62 and a 200-day simple moving average of $65.46.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at about $502,000. Jones Financial Companies Lllp grew its position in Embraer-Empresa Brasileira de Aeronautica by 98.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock valued at $70,000 after buying an additional 747 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter valued at about $11,046,000. Everett Harris & Co. CA acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter valued at about $239,000. Finally, Itau Unibanco Holding S.A. raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 22.7% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,172,217 shares of the aerospace company’s stock worth $66,711,000 after buying an additional 217,015 shares in the last quarter. Institutional investors own 34.65% of the company’s stock.

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.