JPMorgan Chase & Co. Issues Pessimistic Forecast for Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Price

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $84.00 to $80.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 37.62% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. Zacks Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Weiss Ratings lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica has an average rating of “Moderate Buy” and a consensus price target of $63.86.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of NYSE EMBJ opened at $58.13 on Tuesday. The firm has a 50-day simple moving average of $62.80 and a 200-day simple moving average of $66.56. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 33.99, a price-to-earnings-growth ratio of 1.44 and a beta of 1.51. The company has a quick ratio of 0.82, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $45.20 and a 52 week high of $80.75.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last issued its earnings results on Saturday, February 14th. The aerospace company reported $0.46 EPS for the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 3.94% and a return on equity of 6.13%. The business had revenue of $2.65 billion during the quarter. On average, equities analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EMBJ. Itau Unibanco Holding S.A. purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth about $68,460,000. Lord Abbett & CO. LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth about $28,696,000. Vaughan Nelson Investment Management L.P. purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth about $21,687,000. Russell Investments Group Ltd. purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $21,288,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of 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 purchasing an additional 166,489 shares during the period. Hedge funds and other institutional investors own 34.65% of the company’s stock.

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.