Embraer (NYSE:ERJ) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Embraer S.A. (NYSE:ERJ) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

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

Embraer Stock Down 0.8 %

The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 13.83 and a beta of 1.71. 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 has a 50-day moving average of $37.16 and a two-hundred day moving average of $33.80.

Institutional Trading of Embraer

Several institutional investors have recently made changes to their positions in ERJ. Artemis Investment Management LLP purchased a new stake in Embraer in the 3rd quarter worth approximately $30,358,000. Driehaus Capital Management LLC boosted its position in Embraer by 102.5% during the second quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock valued at $37,141,000 after purchasing an additional 728,592 shares during the last quarter. Jennison Associates LLC grew its stake in Embraer by 102.1% in the third quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock valued at $47,100,000 after purchasing an additional 672,644 shares in the last quarter. Nicholas Investment Partners LP increased its position in Embraer by 424.7% in the 2nd quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company’s stock worth $13,584,000 after purchasing an additional 426,153 shares during the last quarter. Finally, Itau Unibanco Holding S.A. raised its stake in shares of Embraer by 54.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock worth $39,343,000 after purchasing an additional 393,696 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

About Embraer

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.