Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $64.93 and traded as high as $66.02. Embraer-Empresa Brasileira de Aeronautica shares last traded at $65.91, with a volume of 694,571 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on EMBJ. Weiss Ratings cut shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Scotiabank assumed 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. 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 note on Tuesday, May 12th. Finally, Zacks Research lowered Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.29.

Embraer-Empresa Brasileira de Aeronautica Stock Up 2.8%

The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 0.71. The stock has a market cap of $11.91 billion, a P/E ratio of 38.54, a PEG ratio of 1.54 and a beta of 1.43. The company’s 50 day moving average price is $60.30 and its two-hundred day moving average price is $64.93.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EMBJ. Itau Unibanco Holding S.A. bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $68,460,000. Ameriprise Financial Inc. raised its holdings in Embraer-Empresa Brasileira de Aeronautica by 20.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 970,129 shares of the aerospace company’s stock worth $58,644,000 after purchasing an additional 166,489 shares during the period. Lord Abbett & CO. LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth $28,696,000. Vaughan Nelson Investment Management L.P. purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at $21,687,000. Finally, Russell Investments Group Ltd. purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at $21,288,000. 34.65% of the stock is currently owned by institutional investors.

About Embraer-Empresa Brasileira de Aeronautica

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.