Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Now Rated “Buy” by Sell-Side Brokerages

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) have been assigned an average recommendation of “Buy” from the five analysts that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $85.00.

A number of brokerages have issued reports on EMBJ. JPMorgan Chase & Co. raised 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. Weiss Ratings raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday. Wall Street Zen upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. Finally, Zacks Research raised Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 29th.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

NYSE:EMBJ opened at $71.14 on Wednesday. The company has a market capitalization of $12.85 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 1.57 and a beta of 1.40. The business has a 50 day moving average of $74.38 and a 200 day moving average of $66.45. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.44 and a quick ratio of 0.72. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $53.56 and a 1-year high of $80.75.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EMBJ. Bullock Wealth Management Group purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 3rd quarter valued at approximately $29,000. Ascentis Independent Advisors bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at approximately $27,000. GAMMA Investing LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the third quarter worth $66,000. Farther Finance Advisors LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the third quarter worth $300,000. Finally, Nykredit A S purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the second quarter worth $422,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

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.