JPMorgan Chase & Co. Has Lowered Expectations for Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Price

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) had its price target decreased by equities research analysts at JPMorgan Chase & Co. from $84.00 to $80.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 34.45% from the company’s previous close.

Other analysts have also issued research reports about the stock. Zacks Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Weiss Ratings lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Finally, Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Six research 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.86.

Embraer-Empresa Brasileira de Aeronautica Trading Down 1.4%

Shares of NYSE:EMBJ traded down $0.86 during mid-day trading on Tuesday, hitting $59.50. The company had a trading volume of 642,627 shares, compared to its average volume of 1,373,326. The firm has a fifty day moving average price of $63.33 and a 200 day moving average price of $66.62. The company has a market capitalization of $10.75 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 1.38 and a beta of 1.51. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.50 and a quick ratio of 0.82. Embraer-Empresa Brasileira de Aeronautica has a one year low of $45.20 and a one year high of $80.75.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last released its quarterly earnings data on Saturday, February 14th. The aerospace company reported $0.46 earnings per share for the quarter. The company had revenue of $2.65 billion during the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 3.94% and a return on equity of 6.08%. As a group, research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 3.04 EPS for the current year.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

Several institutional investors have recently made changes to their positions in EMBJ. Ascentis Independent Advisors bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth $27,000. CoreCap Advisors LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth $39,000. 1620 Investment Advisors Inc. bought a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at about $44,000. Jones Financial Companies Lllp grew its position in Embraer-Empresa Brasileira de Aeronautica by 98.2% during the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock valued at $70,000 after buying an additional 747 shares during the period. Finally, Gen Wealth Partners Inc bought a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at about $74,000. 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.