JPMorgan Chase & Co. Boosts Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Price Target to $104.00

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) had its target price raised by JPMorgan Chase & Co. from $80.00 to $104.00 in a note issued to investors on Friday,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 40.24% from the stock’s previous close.

A number of other brokerages have also weighed in on EMBJ. Scotiabank began coverage on Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, June 8th. They set a “sector outperform” rating and a $81.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $72.80.

Embraer-Empresa Brasileira de Aeronautica Stock Up 0.3%

Shares of Embraer-Empresa Brasileira de Aeronautica stock opened at $74.16 on Friday. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $53.56 and a 1-year high of $80.75. The company has a market capitalization of $13.40 billion, a PE ratio of 30.02, a P/E/G ratio of 1.73 and a beta of 1.44. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.73. The business has a 50-day moving average of $64.82 and a 200-day moving average of $64.69.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several institutional investors and hedge funds have recently bought and sold shares of EMBJ. Ascentis Independent Advisors bought a new position in Embraer-Empresa Brasileira de Aeronautica in the first quarter worth about $27,000. 1620 Investment Advisors Inc. acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $44,000. Gen Wealth Partners Inc bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $74,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $90,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of 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 worth $70,000 after purchasing an additional 747 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

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.