Zacks Research Upgrades Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) to “Strong-Buy”

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

A number of other analysts have also weighed in on the stock. Weiss Ratings lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 25th. 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 report on Friday, August 14th. Scotiabank started 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. Finally, Wall Street Zen raised Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $85.00.

Embraer-Empresa Brasileira de Aeronautica Trading Down 2.0%

Shares of Embraer-Empresa Brasileira de Aeronautica stock opened at $75.32 on Tuesday. The firm has a market capitalization 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. The company has a current ratio of 1.44, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average is $73.53 and its 200 day moving average is $65.67. Embraer-Empresa Brasileira de Aeronautica has a 1 year low of $53.56 and a 1 year high of $80.75.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LP acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter valued at approximately $1,909,000. Nykredit A S bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at $422,000. MBA Advisors LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the second quarter worth $520,000. Aubrey Capital Management Ltd acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the second quarter worth $14,904,000. Finally, RPg Family Wealth Advisory LLC grew its stake in shares of 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. 34.65% of the stock is currently owned by institutional investors and hedge funds.

About Embraer-Empresa Brasileira de Aeronautica

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.