Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Trading Down 8.7% – Here’s Why

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) shares traded down 8.7% on Friday . The stock traded as low as $61.85 and last traded at $61.85. 650,849 shares changed hands during trading, a decline of 51% from the average session volume of 1,314,904 shares. The stock had previously closed at $67.75.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. upped their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 10th. Zacks Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Finally, Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica has an average rating of “Moderate Buy” and an average price target of $64.43.

Embraer-Empresa Brasileira de Aeronautica Trading Down 11.0%

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.50 and a quick ratio of 0.82. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 1.65 and a beta of 1.51. The business’s 50-day simple moving average is $63.81 and its 200-day simple moving average is $66.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last announced its earnings results on Saturday, February 14th. The aerospace company reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $2.65 billion during the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.64% and a return on equity of 7.45%. Research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Institutional investors have recently modified their holdings of the company. Ascentis Independent Advisors acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at approximately $27,000. CoreCap Advisors LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $39,000. 1620 Investment Advisors Inc. acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $44,000. Gen Wealth Partners Inc acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $74,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $90,000. Institutional investors and hedge funds 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.