Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Share Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Embraer-Empresa Brasileira de Aeronautica's stock price surpassed its 200-day moving average, reaching as high as $57.91 during trading on Monday, with the last traded price at $57.78.
• Analyst sentiments vary, with Wolfe Research upgrading the stock to "outperform" with a $64.00 target, while Wall Street Zen downgraded it to "hold"; the overall average target price is $59.40.
• Embraer reported a quarterly revenue of $1.82 billion, exceeding analyst estimates, but missed earnings expectations with a reported loss of ($0.02) EPS.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $52.14 and traded as high as $57.91. Embraer-Empresa Brasileira de Aeronautica shares last traded at $57.78, with a volume of 859,523 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ERJ. Weiss Ratings restated a "hold (c+)" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Wednesday, October 8th. Wolfe Research raised Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 target price for the company in a research note on Thursday, July 31st. Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group raised their price target on Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the stock a "sell" rating in a research report on Friday, August 15th. Finally, Bank of America raised their price target on Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently has an average rating of "Moderate Buy" and an average target price of $59.40.

Embraer-Empresa Brasileira de Aeronautica Trading Up 3.1%

The company has a 50 day moving average of $58.03 and a 200 day moving average of $52.14. The firm has a market cap of $10.61 billion, a price-to-earnings ratio of 28.19, a price-to-earnings-growth ratio of 3.39 and a beta of 1.82. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.58.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.49). Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.43% and a return on equity of 13.38%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business earned $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

A number of institutional investors have recently modified their holdings of ERJ. WPG Advisers LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at $25,000. U.S. Capital Wealth Advisors LLC raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 5.3% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 12,312 shares of the aerospace company's stock worth $569,000 after acquiring an additional 624 shares in the last quarter. US Bancorp DE increased its position in Embraer-Empresa Brasileira de Aeronautica by 19.4% in the 1st quarter. US Bancorp DE now owns 3,984 shares of the aerospace company's stock valued at $184,000 after buying an additional 648 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 98.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company's stock worth $70,000 after purchasing an additional 747 shares in the last quarter. Finally, Vident Advisory LLC increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 6.7% during the 1st quarter. Vident Advisory LLC now owns 15,015 shares of the aerospace company's stock worth $694,000 after purchasing an additional 937 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors.

About Embraer-Empresa Brasileira de Aeronautica

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.

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