Brokerages Set Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Price Target at $65.00

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) have received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $67.2857.

Several brokerages recently weighed in on EMBJ. Scotiabank began coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday. They issued a “sector outperform” rating and a $81.00 target price on the stock. Zacks Research cut shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Weiss Ratings cut shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. cut their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Finally, Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a report on Saturday, March 14th.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of hedge funds have recently modified their holdings of EMBJ. Ascentis Independent Advisors purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at $27,000. CoreCap Advisors LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $39,000. 1620 Investment Advisors Inc. purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $44,000. Thoroughbred Financial Services LLC grew its position in Embraer-Empresa Brasileira de Aeronautica by 4.7% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 16,184 shares of the aerospace company’s stock valued at $978,000 after buying an additional 730 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in Embraer-Empresa Brasileira de Aeronautica by 98.2% in the 1st 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 last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Stock Down 4.5%

Shares of NYSE:EMBJ opened at $53.78 on Thursday. The firm’s 50 day moving average price is $61.30 and its 200 day moving average price is $65.36. The stock has a market cap of $9.72 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 1.35 and a beta of 1.46. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $46.54 and a fifty-two week high of $80.75. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.71.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last issued its earnings results on Saturday, February 14th. The aerospace company reported $0.46 earnings per share for the quarter. The firm had revenue of $2.65 billion for the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 3.94% and a return on equity of 6.13%. As a group, equities research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.9 earnings per share for the current fiscal year.

About Embraer-Empresa Brasileira de Aeronautica

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.