Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Rating Lowered by Zacks Research

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday, Zacks reports.

A number of other equities analysts have also commented on the company. Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 24th. JPMorgan Chase & Co. boosted their price objective 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, Weiss Ratings raised Embraer-Empresa Brasileira de Aeronautica from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica has a consensus rating of “Moderate Buy” and an average target price of $92.50.

Embraer-Empresa Brasileira de Aeronautica Trading Down 3.4%

Shares of Embraer-Empresa Brasileira de Aeronautica stock opened at $79.65 on Wednesday. The firm has a 50-day moving average of $74.56 and a 200-day moving average of $67.85. The stock has a market cap of $14.39 billion, a PE ratio of 35.72, a PEG ratio of 1.88 and a beta of 1.50. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $53.56 and a 52-week high of $83.46. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 1.31.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last released its quarterly earnings results on Tuesday, November 10th. The aerospace company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.46). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 12.47% and a net margin of 4.61%. The business had revenue of $2.33 billion for the quarter. As a group, sell-side analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.96 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Bogart Wealth LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the third quarter valued at $226,000. Thoroughbred Financial Services LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 3rd quarter worth approximately $1,191,000. Harbour Investments Inc. purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the third quarter valued at $38,000. Russell Investments Group Ltd. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the third quarter worth $39,993,000. Finally, Parallel Advisors LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the 3rd quarter worth approximately $145,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

About Embraer-Empresa Brasileira de Aeronautica

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.