Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Gets Downgrade from Zacks Research

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

Other equities research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 24th. JPMorgan Chase & Co. raised their target price on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the company 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.50.

Embraer-Empresa Brasileira de Aeronautica Trading Down 3.4%

NYSE:EMBJ opened at $79.65 on Wednesday. The business’s 50-day moving average is $74.56 and its two-hundred day moving average is $67.85. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.31 and a quick ratio of 0.72. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $53.56 and a 12 month high of $83.46. The firm has a market capitalization of $14.39 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 1.88 and a beta of 1.50.

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

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several large investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 3rd quarter valued at about $226,000. Thoroughbred Financial Services LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the third quarter worth about $1,191,000. Harbour Investments Inc. bought a new position in Embraer-Empresa Brasileira de Aeronautica in the third quarter worth about $38,000. Russell Investments Group Ltd. bought a new position in Embraer-Empresa Brasileira de Aeronautica in the third quarter worth about $39,993,000. Finally, Parallel Advisors LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the third quarter valued at approximately $145,000. 34.65% of the stock is currently owned by institutional investors.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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.