Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Share Price Breaks Above 50-Day Moving Average – Time to Sell?

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $73.93 and traded as high as $76.11. Embraer-Empresa Brasileira de Aeronautica shares last traded at $76.03, with a volume of 1,589,598 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EMBJ. Wall Street Zen downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 24th. Weiss Ratings cut shares of Embraer-Empresa Brasileira de Aeronautica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Zacks Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Finally, JPMorgan Chase & Co. increased their price target on 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. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $92.50.

Embraer-Empresa Brasileira de Aeronautica Stock Up 5.4%

The company has a debt-to-equity ratio of 0.61, a current ratio of 1.44 and a quick ratio of 0.72. The stock’s fifty day simple moving average is $73.93 and its two-hundred day simple moving average is $67.72. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 1.59 and a beta of 1.40.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 3rd quarter worth approximately $582,000. Bullock Wealth Management Group acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 3rd quarter valued at approximately $29,000. GAMMA Investing LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica during the 3rd quarter worth $66,000. Farther Finance Advisors LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica during the 3rd quarter worth $300,000. Finally, Corient Private Wealth LP bought a new position in Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter worth $1,909,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

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.