Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Reaches New 1-Year High – Should You Buy?

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $79.64 and last traded at $79.17, with a volume of 205622 shares trading hands. The stock had previously closed at $78.80.

Analyst Ratings Changes

EMBJ has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Wednesday, October 8th. Finally, Citigroup boosted their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given 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, Embraer-Empresa Brasileira de Aeronautica presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.86.

Embraer-Empresa Brasileira de Aeronautica Price Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.43 and a quick ratio of 0.67. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of 45.90, a PEG ratio of 1.81 and a beta of 1.60. The business’s fifty day simple moving average is $67.47 and its 200 day simple moving average is $61.56.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Embraer-Empresa Brasileira de Aeronautica announced that its board has approved a stock buyback plan on Thursday, November 6th that permits the company to buyback 0 shares. This buyback authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $251,000. Yousif Capital Management LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $200,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $111,000. Burns Matteson Capital Management LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $641,000. Finally, Gleason Group Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at approximately $242,000. Hedge funds and other institutional investors 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.