Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) crossed 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 trading hands.

Analyst Ratings Changes

A number of brokerages have commented on EMBJ. Wall Street Zen downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. JPMorgan Chase & Co. cut their price objective on shares of 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. Scotiabank initiated coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, June 8th. They set a “sector outperform” rating and a $81.00 price objective for the company. Zacks Research cut shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Finally, Weiss Ratings downgraded 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. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.29.

Embraer-Empresa Brasileira de Aeronautica Trading Down 1.7%

The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.73. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 38.64, a P/E/G ratio of 1.62 and a beta of 1.43. The company’s fifty day moving average price is $60.03 and its 200-day moving average price is $64.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EMBJ. Ascentis Independent Advisors acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $27,000. CoreCap Advisors LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $39,000. 1620 Investment Advisors Inc. acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $44,000. Jones Financial Companies Lllp raised its stake in Embraer-Empresa Brasileira de Aeronautica by 98.2% in 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. Finally, Fred Alger Management LLC raised its stake in Embraer-Empresa Brasileira de Aeronautica by 5.8% in the 3rd quarter. Fred Alger Management LLC now owns 15,918 shares of the aerospace company’s stock worth $962,000 after acquiring an additional 867 shares during the last quarter. 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.