Stock Traders Buy Large Volume of Call Options on Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ)

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) was the target of some unusual options trading activity on Wednesday. Stock traders bought 8,018 call options on the stock. This is an increase of 694% compared to the average daily volume of 1,010 call options.

Wall Street Analysts Forecast Growth

EMBJ has been the topic of several recent research reports. Wall Street Zen upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Scotiabank started coverage on Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. Finally, Weiss Ratings upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 14th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Embraer-Empresa Brasileira de Aeronautica presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of EMBJ stock opened at $75.34 on Thursday. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $53.56 and a fifty-two week high of $80.75. The stock’s 50-day moving average is $68.11 and its two-hundred day moving average is $64.81. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.44 and a quick ratio of 0.72. The firm has a market cap of $13.61 billion, a P/E ratio of 30.50, a PEG ratio of 1.71 and a beta of 1.44.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

A number of institutional investors have recently added to or reduced their stakes in the business. Ascentis Independent Advisors acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth $27,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $44,000. Jones Financial Companies Lllp boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 98.2% in the first 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 in the last quarter. Gen Wealth Partners Inc acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $74,000. Finally, Bruce G. Allen Investments LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $90,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

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.