Brokerages Set Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Target Price at $63.86

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) has earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $63.8571.

A number of equities analysts have commented on EMBJ shares. Citigroup increased 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. Zacks Research raised Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, November 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EMBJ. Itau Unibanco Holding S.A. grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 22.7% in the second quarter. Itau Unibanco Holding S.A. now owns 1,172,217 shares of the aerospace company’s stock valued at $66,711,000 after purchasing an additional 217,015 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 20.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 970,129 shares of the aerospace company’s stock valued at $58,644,000 after buying an additional 166,489 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 15.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 832,416 shares of the aerospace company’s stock worth $47,373,000 after acquiring an additional 110,836 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 50.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 254,766 shares of the aerospace company’s stock worth $15,401,000 after acquiring an additional 85,604 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter valued at about $11,046,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

EMBJ opened at $71.50 on Monday. The firm’s fifty day simple moving average is $65.65 and its two-hundred day simple moving average is $60.44. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $36.79 and a 52-week high of $72.31. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 1.65 and a beta of 1.60. The company has a quick ratio of 0.67, a current ratio of 1.43 and a debt-to-equity ratio of 0.55.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last released its quarterly earnings results 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 return on equity of 8.24% and a net margin of 4.34%. Equities analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 6th that allows the company to buyback 0 shares. This buyback authorization allows the aerospace company to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.