Embraer (NYSE:ERJ) Shares Cross Above 200-Day Moving Average – Should You Sell?

Embraer S.A. (NYSE:ERJ)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $33.80 and traded as high as $38.12. Embraer shares last traded at $37.63, with a volume of 692,240 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Bank of America raised their price objective on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th. Finally, UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and raised their price objective for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Embraer has an average rating of “Moderate Buy” and a consensus price target of $37.43.

Embraer Price Performance

The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The firm’s fifty day moving average price is $37.16 and its 200 day moving average price is $33.80. The stock has a market cap of $6.91 billion, a PE ratio of 13.84 and a beta of 1.71.

Hedge Funds Weigh In On Embraer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ERJ. Sunbelt Securities Inc. bought a new stake in Embraer during the second quarter worth approximately $41,000. Ashton Thomas Private Wealth LLC bought a new stake in Embraer in the second quarter worth $55,000. Northwestern Mutual Wealth Management Co. boosted its stake in Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after buying an additional 456 shares during the period. Signaturefd LLC increased its position in Embraer by 7.9% during the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after acquiring an additional 414 shares during the last quarter. Finally, Brendel Financial Advisors LLC purchased a new stake in shares of Embraer in the third quarter valued at $202,000. 34.65% of the stock is owned by institutional investors.

Embraer Company Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.