Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Price Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Embraer shares crossed above their 50-day moving average, reaching $76.11 and last trading at $76.03 on volume of about 1.59 million shares. The 50-day average is $73.93, versus $67.72 for the 200-day average.
• Analysts maintain a generally positive outlook, with the stock receiving an average “Buy” rating and an average price target of $92.50. JPMorgan raised its target to $104 and assigned an “overweight” rating.
• Institutional investors and hedge funds own 34.65% of Embraer; several firms recently initiated positions, including Corient Private Wealth, which purchased approximately $1.9 million in shares.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Get Free Report) 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 trading hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Weiss Ratings downgraded Embraer-Empresa Brasileira de Aeronautica from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, October 23rd. Wall Street Zen cut Embraer-Empresa Brasileira de Aeronautica from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 24th. Zacks Research upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 29th. Finally, JPMorgan Chase & Co. upped their price objective on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the company an "overweight" rating in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica presently has an average rating of "Buy" and an average target price of $92.50.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

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

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the third quarter valued at about $582,000. Bullock Wealth Management Group acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the third quarter worth about $29,000. GAMMA Investing LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the third quarter worth about $66,000. Farther Finance Advisors LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the third quarter worth about $300,000. Finally, Corient Private Wealth LP purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter worth about $1,909,000. Institutional investors and hedge funds own 34.65% of the company's stock.

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.

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