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

Key Points

• Shares cleared their 200-day moving average of $65.70, trading as high as $68.27 and last at $67.61 on volume of about 1.03 million, indicating a technical breakout.
• Analyst views are mixed but tilted positive: JPMorgan raised its target to $84 with an "overweight" rating and Zacks upgraded to "strong-buy," yet the consensus is a Moderate Buy with an average price target of $64.43 (below the current price).
• Recent fundamentals: quarterly EPS $0.46 on $2.65B revenue, market cap about $12.22B, a P/E of 35.21 and debt/equity of 0.65, with institutional ownership around 34.65%.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $65.70 and traded as high as $68.27. Embraer-Empresa Brasileira de Aeronautica shares last traded at $67.61, with a volume of 1,033,542 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their target price on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $84.00 and gave the company an "overweight" rating in a research report on Tuesday, March 10th. Zacks Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 10th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $64.43.

Embraer-Empresa Brasileira de Aeronautica Price Performance

The firm has a market capitalization of $12.22 billion, a P/E ratio of 35.21, a PEG ratio of 1.63 and a beta of 1.61. The company has a fifty day moving average of $66.07 and a 200 day moving average of $65.70. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.50 and a quick ratio of 0.82.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Get Free Report) last posted its quarterly earnings data on Saturday, February 14th. The aerospace company reported $0.46 earnings per share for the quarter. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 7.45% and a net margin of 4.64%.The firm had revenue of $2.65 billion during the quarter. Sell-side analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $502,000. Jones Financial Companies Lllp raised its holdings in shares of 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. NewEdge Advisors LLC raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 99.2% in the second quarter. NewEdge Advisors LLC now owns 16,795 shares of the aerospace company's stock valued at $956,000 after purchasing an additional 8,365 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1.5% during the second quarter. Ameriprise Financial Inc. now owns 803,640 shares of the aerospace company's stock valued at $45,735,000 after purchasing an additional 12,131 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the second quarter worth about $336,000. Institutional investors and hedge funds 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.

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