Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Given Average Rating of “Moderate Buy” by Analysts

by · The Cerbat Gem

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $63.8571.

Several analysts have recently commented on EMBJ shares. Bank of America raised their price target on Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, September 11th. Citigroup raised their target price on Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. upped their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Zacks Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, October 8th.

Get Our Latest Stock Analysis on Embraer-Empresa Brasileira de Aeronautica

Embraer-Empresa Brasileira de Aeronautica Stock Up 4.4%

Shares of NYSE:EMBJ traded up $2.89 on Monday, hitting $68.32. 1,591,075 shares of the company’s stock were exchanged, compared to its average volume of 1,057,932. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $36.79 and a 1-year high of $68.95. The company has a market capitalization of $12.55 billion, a PE ratio of 33.33, a P/E/G ratio of 6.09 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.60 and a current ratio of 1.33. The firm’s 50-day moving average is $62.94 and its 200 day moving average is $57.21.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ – Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.43% and a return on equity of 13.38%. Sell-side analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Embraer-Empresa Brasileira de Aeronautica declared that its board has authorized a stock repurchase plan on Thursday, November 6th that permits the company to repurchase 0 shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 153.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 13,665 shares of the aerospace company’s stock worth $778,000 after buying an additional 8,269 shares during the last quarter. Brighton Jones LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth about $502,000. Scientech Research LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter worth approximately $1,322,000. Bayforest Capital Ltd acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter worth approximately $315,000. Finally, Fred Alger Management LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at approximately $272,000. 34.65% of the stock is owned by institutional investors and hedge funds.

About Embraer-Empresa Brasileira de Aeronautica

(Get Free Report)

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.

Recommended Stories