Embraer (NYSE:ERJ) Stock Passes Above 200-Day Moving Average – What’s Next?

Shares of Embraer S.A. (NYSE:ERJ) crossed 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.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ERJ. TD Cowen upgraded Embraer to a “strong-buy” rating in a research report 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. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, Bank of America raised their price target on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.43.

Embraer Price Performance

The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The stock’s 50 day simple moving average is $37.16 and its two-hundred day simple moving average is $33.80. The firm has a market capitalization of $6.91 billion, a PE ratio of 13.83 and a beta of 1.71.

Institutional Trading of Embraer

Several large investors have recently added to or reduced their stakes in ERJ. Sunbelt Securities Inc. purchased a new stake in shares of Embraer in the second quarter valued at about $41,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Embraer in the 2nd quarter valued at approximately $55,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Embraer by 25.0% during the 2nd 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 last quarter. Signaturefd LLC raised its position in shares of Embraer by 7.9% during the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after buying an additional 414 shares during the period. Finally, Brendel Financial Advisors LLC acquired a new position in Embraer in the third quarter valued at approximately $202,000. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

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.