Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $62.96 and traded as high as $71.01. Embraer-Empresa Brasileira de Aeronautica shares last traded at $70.96, with a volume of 1,137,644 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EMBJ shares. Citigroup raised their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. raised their price target 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 investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica presently has an average rating of “Moderate Buy” and an average price target of $63.86.

Embraer-Empresa Brasileira de Aeronautica Trading Up 1.9%

The company has a current ratio of 1.43, a quick ratio of 0.67 and a debt-to-equity ratio of 0.55. The stock’s 50-day simple moving average is $69.23 and its 200-day simple moving average is $62.96.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last posted its earnings results on Tuesday, November 4th. The aerospace company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 8.24% and a net margin of 4.34%. On average, analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

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

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several hedge funds have recently made changes to their positions in EMBJ. CoreCap Advisors LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth $39,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth about $44,000. Jones Financial Companies Lllp increased 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 worth $70,000 after acquiring an additional 747 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth about $111,000. Finally, First Horizon Advisors Inc. lifted its position in Embraer-Empresa Brasileira de Aeronautica by 1,608.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,170 shares of the aerospace company’s stock valued at $123,000 after acquiring an additional 2,043 shares during the period. 34.65% of the stock is currently owned by institutional investors.

About Embraer-Empresa Brasileira de Aeronautica

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.