Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Hits New 1-Year High – Here’s What Happened

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) reached a new 52-week high on Tuesday . The company traded as high as $74.08 and last traded at $73.66, with a volume of 62310 shares. The stock had previously closed at $73.63.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EMBJ. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Finally, Citigroup increased their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica presently has an average rating of “Moderate Buy” and an average price target of $63.86.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.43 and a quick ratio of 0.67. The stock has a 50 day moving average of $66.95 and a two-hundred day moving average of $61.27. The stock has a market capitalization of $13.48 billion, a PE ratio of 43.60, a P/E/G ratio of 1.69 and a beta of 1.60.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.34% and a return on equity of 8.24%. Research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica announced that its board has initiated a stock repurchase program on Thursday, November 6th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the aerospace company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of hedge funds have recently made changes to their positions in EMBJ. CoreCap Advisors LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $39,000. Jones Financial Companies Lllp boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 98.2% in the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 747 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $111,000. Farther Finance Advisors LLC lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 15.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,149 shares of the aerospace company’s stock worth $130,000 after purchasing an additional 291 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in Embraer-Empresa Brasileira de Aeronautica by 1,608.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,170 shares of the aerospace company’s stock worth $123,000 after buying an additional 2,043 shares during the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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.