Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Downgraded by Wall Street Zen to Hold

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

EMBJ has been the topic of several other research reports. Weiss Ratings upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. JPMorgan Chase & Co. boosted their target price 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, Zacks Research cut Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica presently has an average rating of “Moderate Buy” and an average target price of $92.50.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of NYSE EMBJ opened at $78.67 on Friday. The firm’s 50-day moving average price is $74.66 and its 200-day moving average price is $67.84. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $53.56 and a 52-week high of $83.46. The company has a market cap of $14.22 billion, a PE ratio of 35.28, a PEG ratio of 1.93 and a beta of 1.50. The company has a quick ratio of 0.72, a current ratio of 1.31 and a debt-to-equity ratio of 0.57.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last released its quarterly earnings data on Tuesday, November 10th. The aerospace company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.46). Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.61% and a return on equity of 12.47%. The company had revenue of $2.33 billion for the quarter. As a group, analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.78 EPS for the current year.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several hedge funds and other institutional investors have recently made changes to their positions in EMBJ. Bullock Wealth Management Group bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 3rd quarter worth approximately $29,000. Harbour Investments Inc. bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the third quarter valued at approximately $38,000. GAMMA Investing LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the third quarter valued at approximately $66,000. Parallel Advisors LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the third quarter valued at approximately $145,000. Finally, Bogart Wealth LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the third quarter valued at approximately $226,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

About Embraer-Empresa Brasileira de Aeronautica

Embraer, formerly Empresa Brasileira de Aeronáutica, is a Brazilian aerospace company founded in 1969. Headquartered in São José dos Campos, Brazil, it develops, manufactures and supports aircraft and related aviation products and services. The company’s businesses include commercial aviation, executive aviation, and defense and security. Its offerings include E-Jets and E-Jets E2 commercial aircraft, Phenom and Praetor business jets, and defense aircraft such as the C-390 Millennium transport aircraft and A-29 Super Tucano.