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

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) passed above its fifty day moving average during trading on Thursday. The stock has a fifty 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 Analysts Forecast Growth

EMBJ has been the topic of several recent analyst reports. Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 24th. JPMorgan Chase & Co. upped their price objective on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th. Weiss Ratings lowered Embraer-Empresa Brasileira de Aeronautica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Finally, Zacks Research raised Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $92.50.

Embraer-Empresa Brasileira de Aeronautica Stock Down 3.3%

The stock has a market capitalization of $13.26 billion, a price-to-earnings ratio of 29.71, a price-to-earnings-growth ratio of 1.68 and a beta of 1.40. The company has a quick ratio of 0.72, a current ratio of 1.44 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average price of $73.90 and a 200 day moving average price of $67.72.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 3rd quarter worth about $582,000. Bullock Wealth Management Group bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 3rd quarter valued at about $29,000. GAMMA Investing LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 3rd quarter valued at about $66,000. Farther Finance Advisors LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the third quarter valued at about $300,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the second quarter valued at about $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.