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

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $64.14 and traded as high as $72.05. Embraer-Empresa Brasileira de Aeronautica shares last traded at $71.55, with a volume of 443,897 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica has a consensus rating of “Moderate Buy” and an average target price of $63.86.

Embraer-Empresa Brasileira de Aeronautica Price Performance

The stock has a fifty day moving average of $70.15 and a 200-day moving average of $64.14. The firm has a market capitalization of $13.14 billion, a P/E ratio of 41.60, a PEG ratio of 1.63 and a beta of 1.59. The company has a quick ratio of 0.67, a current ratio of 1.43 and a debt-to-equity ratio of 0.55.

Embraer-Empresa Brasileira de Aeronautica declared that its board has authorized a stock repurchase program on Thursday, November 6th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

A number of institutional investors and hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at about $39,000. 1620 Investment Advisors Inc. bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth about $44,000. Gen Wealth Partners Inc acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $74,000. Bruce G. Allen Investments LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at about $90,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% in the 1st 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. Institutional investors 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.