Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Cut to Hold at Zacks Research
by Kim Johansen · The Markets DailyEmbraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.
A number of other brokerages have also issued reports on EMBJ. Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. JPMorgan Chase & Co. boosted their target price on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Tuesday, March 10th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica presently has an average rating of “Moderate Buy” and an average target price of $64.43.
Read Our Latest Analysis on EMBJ
Embraer-Empresa Brasileira de Aeronautica Stock Up 1.3%
Shares of NYSE EMBJ opened at $67.61 on Wednesday. The firm has a market cap of $12.22 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 1.63 and a beta of 1.61. The company has a quick ratio of 0.82, a current ratio of 1.50 and a debt-to-equity ratio of 0.65. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $40.58 and a 52-week high of $80.75. The business’s 50 day moving average is $66.07 and its two-hundred day moving average is $65.70.
Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ – Get Free Report) 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 for the quarter. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 7.45% and a net margin of 4.64%. Research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.
Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica
A number of institutional investors and hedge funds have recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $68,460,000. Ameriprise Financial Inc. grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 20.7% during the third quarter. Ameriprise Financial Inc. now owns 970,129 shares of the aerospace company’s stock worth $58,644,000 after purchasing an additional 166,489 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $28,696,000. Russell Investments Group Ltd. acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $21,288,000. Finally, Bearing Point Capital LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $8,416,000. 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.