Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Rating Raised to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) from a hold rating to a strong-buy rating in a research report released on Tuesday,Zacks reports.

A number of other analysts have also recently issued reports on the company. Wall Street Zen upgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 23rd. Scotiabank assumed coverage on Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 target price for the company. JPMorgan Chase & Co. lifted 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, Weiss Ratings lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $85.00.

Embraer-Empresa Brasileira de Aeronautica Stock Down 2.0%

EMBJ stock opened at $75.32 on Tuesday. The business’s 50-day simple moving average is $73.53 and its 200 day simple moving average is $65.67. The company has a quick ratio of 0.72, a current ratio of 1.44 and a debt-to-equity ratio of 0.61. The company has a market cap of $13.61 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 1.70 and a beta of 1.40. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $53.56 and a twelve month high of $80.75.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of hedge funds have recently modified their holdings of the stock. Ascentis Independent Advisors acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at $27,000. Nykredit A S acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the second quarter worth $422,000. MBA Advisors LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at $520,000. Atlas Capital Advisors Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at $608,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter valued at $1,033,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Embraer SA, formerly known as Empresa Brasileira de Aeronáutica, is a Brazilian aerospace company that designs, develops, manufactures and supports aircraft and related systems. Founded in 1969 and headquartered in São José dos Campos, Brazil, the company serves commercial, business aviation, defense and security, and agricultural aviation markets.

In commercial aviation, Embraer produces the E-Jets family, including the E2 series of small- and medium-sized passenger aircraft. Its executive aviation portfolio includes the Phenom and Praetor business jet families.