Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) from a strong-buy rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

EMBJ has been the topic of several other reports. JPMorgan Chase & Co. lifted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Weiss Ratings raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Finally, Zacks Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently has an average rating of “Buy” and a consensus target price of $92.50.

Embraer-Empresa Brasileira de Aeronautica Stock Up 0.5%

NYSE EMBJ opened at $71.21 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. The company has a market cap of $12.87 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 1.56 and a beta of 1.40. The company has a 50 day moving average of $74.24 and a 200-day moving average of $67.66. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $53.56 and a 1-year high of $80.75.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bullock Wealth Management Group bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 3rd quarter worth approximately $29,000. Ascentis Independent Advisors bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at $27,000. GAMMA Investing LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 3rd quarter valued at $66,000. Farther Finance Advisors LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica during the third quarter worth $300,000. Finally, Nykredit A S bought a new position in Embraer-Empresa Brasileira de Aeronautica during the second quarter worth $422,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Embraer SA, formerly known as Empresa Brasileira de Aeronáutica, is a Brazilian aerospace company headquartered in São José dos Campos, São Paulo. Founded in 1969, the company designs, develops, manufactures and supports aircraft for commercial, executive and defense applications.

Embraer’s commercial aviation portfolio is centered on the E-Jets and E-Jets E2 families of regional and small mainline aircraft. Its executive aviation business produces the Phenom and Praetor business jet families, serving both private and corporate customers.