Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Breaks Above 200-Day Moving Average - Here's Why

Key Points

• Embraer shares broke above their 200-day moving average, reaching $73.25 and last trading at $72.20, compared with the 200-day average of $66.89.
• Analysts have become more bullish: JPMorgan raised its price target to $104, while several firms upgraded the stock. The consensus rating is “Buy”, with a price target of $92.50.
• Institutional investors have been building positions in Embraer, and hedge funds and other institutions now own 34.65% of the company.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $66.89 and traded as high as $73.25. Embraer-Empresa Brasileira de Aeronautica shares last traded at $72.20, with a volume of 790,215 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EMBJ. JPMorgan Chase & Co. upped their price target on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the stock an "overweight" rating in a report on Friday, August 14th. Zacks Research raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 29th. Wall Street Zen raised Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 23rd. Finally, Weiss Ratings upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently has a consensus rating of "Buy" and a consensus price target of $92.50.

Embraer-Empresa Brasileira de Aeronautica Trading Up 0.1%

The company has a market cap of $13.05 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 1.59 and a beta of 1.40. 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 business's 50-day simple moving average is $74.41 and its 200-day simple moving average is $66.89.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of institutional investors and hedge funds have recently bought and sold shares of EMBJ. AMS Capital Ltda purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the second quarter worth $2,279,000. Corient Private Wealth LP acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the second quarter worth $1,909,000. AlpenGlobal Capital LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter worth $1,534,000. FNY Investment Advisers LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the second quarter valued at $1,033,000. Finally, Aubrey Capital Management Ltd purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the second quarter valued at $14,904,000. Hedge funds and other institutional investors own 34.65% of the company's stock.

About Embraer-Empresa Brasileira de Aeronautica

Embraer SA, formerly known as Empresa Brasileira de Aeronáutica, is a Brazilian aerospace company that designs, develops, manufactures and supports aircraft and related systems. Founded in 1969 and headquartered in São José dos Campos, Brazil, the company serves commercial, business aviation, defense and security, and agricultural aviation markets.

In commercial aviation, Embraer produces the E-Jets family, including the E2 series of small- and medium-sized passenger aircraft. Its executive aviation portfolio includes the Phenom and Praetor business jet families.

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