Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Sets New 12-Month High – Here’s Why

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $82.00 and last traded at $81.13, with a volume of 671,049 shares trading hands. The stock had previously closed at $77.07.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Weiss Ratings downgraded Embraer-Empresa Brasileira de Aeronautica from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 24th. JPMorgan Chase & Co. upped their price target 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. Finally, Zacks Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica currently has a consensus rating of “Buy” and a consensus price target of $92.50.

Embraer-Empresa Brasileira de Aeronautica Price Performance

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 firm’s fifty day moving average is $73.98 and its two-hundred day moving average is $67.79. The company has a market cap of $14.76 billion, a P/E ratio of 33.06, a P/E/G ratio of 1.73 and a beta of 1.50.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last announced its quarterly earnings results on Tuesday, November 10th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.46). Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.35% and a return on equity of 11.90%. The company had revenue of $2.33 billion during the quarter. As a group, analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 3.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several hedge funds have recently added to or reduced their stakes in EMBJ. Russell Investments Group Ltd. purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the third quarter worth $39,993,000. RPg Family Wealth Advisory LLC grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 2.7% in the second quarter. RPg Family Wealth Advisory LLC now owns 289,032 shares of the aerospace company’s stock worth $18,440,000 after purchasing an additional 7,556 shares during the last quarter. Aubrey Capital Management Ltd acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the second quarter worth about $14,904,000. Bank of New York Mellon Corp grew its position in Embraer-Empresa Brasileira de Aeronautica by 8.2% during the 1st quarter. Bank of New York Mellon Corp now owns 136,065 shares of the aerospace company’s stock worth $8,074,000 after purchasing an additional 10,346 shares during the last quarter. Finally, AMS Capital Ltda purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at $2,279,000. 34.65% of the stock is currently owned by institutional investors.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Embraer, formerly Empresa Brasileira de Aeronáutica, is a Brazilian aerospace company founded in 1969. Headquartered in São José dos Campos, Brazil, it develops, manufactures and supports aircraft and related aviation products and services.

The company’s businesses include commercial aviation, executive aviation, and defense and security. Its offerings include E-Jets and E-Jets E2 commercial aircraft, Phenom and Praetor business jets, and defense aircraft such as the C-390 Millennium transport aircraft and A-29 Super Tucano.