Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Sets New 52-Week High – What’s Next?

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $82.00 and last traded at $81.13, with a volume of 671,049 shares traded. The stock had previously closed at $77.07.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EMBJ shares. JPMorgan Chase & Co. raised 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 report on Friday, August 14th. Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 24th. Zacks Research raised Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 29th. Finally, Weiss Ratings cut Embraer-Empresa Brasileira de Aeronautica from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $92.50.

Embraer-Empresa Brasileira de Aeronautica Trading Up 6.0%

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 1.44. The firm’s fifty day simple moving average is $73.98 and its 200-day simple moving average is $67.79. The stock has a market cap of $14.76 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last announced its quarterly earnings data on Tuesday, November 10th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.46). Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.35% and a return on equity of 11.90%. The business had revenue of $2.33 billion during the quarter. Equities research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 3.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EMBJ. Thoroughbred Financial Services LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 3rd quarter worth $1,191,000. Harbour Investments Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the third quarter worth $38,000. Russell Investments Group Ltd. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the third quarter worth about $39,993,000. Parallel Advisors LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 3rd quarter valued at $145,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 3rd quarter valued at about $582,000. Institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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.