Analysts Set Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Price Target at $64.43

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $64.4286.

A number of equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Zacks Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Tuesday, March 10th.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

EMBJ opened at $56.00 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.50 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average price is $68.53 and its two-hundred day moving average price is $65.41. The firm has a market capitalization of $10.12 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 1.40 and a beta of 1.55. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $38.78 and a 12-month high of $80.75.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last issued its quarterly earnings results on Saturday, February 14th. The aerospace company reported $0.46 EPS for the quarter. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 7.45% and a net margin of 4.64%.The company had revenue of $2.65 billion during the quarter. On average, equities analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of institutional investors have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth approximately $68,460,000. Lord Abbett & CO. LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $28,696,000. Russell Investments Group Ltd. acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $21,288,000. Ameriprise Financial Inc. grew its position in Embraer-Empresa Brasileira de Aeronautica by 20.7% in the third quarter. Ameriprise Financial Inc. now owns 970,129 shares of the aerospace company’s stock valued at $58,644,000 after acquiring an additional 166,489 shares during the period. Finally, Bearing Point Capital LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at $8,416,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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.