Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $64.95 and traded as high as $66.89. Embraer-Empresa Brasileira de Aeronautica shares last traded at $66.08, with a volume of 816,225 shares changing hands.

Wall Street Analysts Forecast Growth

EMBJ has been the subject of a number of recent research reports. Weiss Ratings cut shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Zacks Research cut shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Wall Street Zen downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Scotiabank started coverage on Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They set a “sector outperform” rating and a $81.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price target on Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.29.

Embraer-Empresa Brasileira de Aeronautica Trading Up 3.4%

The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. The business’s fifty day moving average is $60.09 and its 200 day moving average is $64.94. The stock has a market cap of $11.85 billion, a PE ratio of 38.36, a P/E/G ratio of 1.59 and a beta of 1.43.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several institutional investors have recently modified their holdings of EMBJ. Ascentis Independent Advisors acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth approximately $27,000. CoreCap Advisors LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $39,000. 1620 Investment Advisors Inc. purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $44,000. Jones Financial Companies Lllp grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 98.2% in the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock valued at $70,000 after purchasing an additional 747 shares during the last quarter. Finally, Gen Wealth Partners Inc acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at $74,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

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.