Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) have earned an average rating of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $63.8571.

EMBJ has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Citigroup raised their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Institutional investors and hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at about $39,000. 1620 Investment Advisors Inc. acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $44,000. Jones Financial Companies Lllp grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 98.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 747 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $111,000. Finally, First Horizon Advisors Inc. raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 1,608.7% during the second quarter. First Horizon Advisors Inc. now owns 2,170 shares of the aerospace company’s stock valued at $123,000 after acquiring an additional 2,043 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Trading Down 0.4%

Shares of EMBJ opened at $69.63 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.67 and a debt-to-equity ratio of 0.55. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $38.78 and a 52-week high of $80.75. The business’s fifty day moving average is $69.11 and its 200-day moving average is $62.81.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share for the quarter, missing the consensus estimate 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%. As a group, analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

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

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.