Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday morning.

A number of other equities analysts also recently commented on EMBJ. Scotiabank began coverage on Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 price target for the company. Weiss Ratings raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. increased 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. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $80.00.

Embraer-Empresa Brasileira de Aeronautica Trading Down 1.8%

Shares of EMBJ opened at $74.86 on Friday. The company has a market capitalization of $13.53 billion, a P/E ratio of 30.31, a P/E/G ratio of 1.74 and a beta of 1.44. Embraer-Empresa Brasileira de Aeronautica has a one year low of $53.56 and a one year high of $80.75. 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 stock has a 50-day moving average price of $67.83 and a 200 day moving average price of $64.77.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nykredit A S acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the second quarter worth about $422,000. MBA Advisors LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter valued at approximately $520,000. Aubrey Capital Management Ltd purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter valued at approximately $14,904,000. RPg Family Wealth Advisory LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 2.7% in the 2nd 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 period. Finally, AlpenGlobal Capital LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter valued at $1,785,000. 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.