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

Embraer S.A. (NYSE:ERJ)’s stock price 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.

Wall Street Analysts Forecast Growth

ERJ has been the topic of several analyst reports. StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a report 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 report on Thursday, November 21st. TD Cowen raised Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Finally, UBS Group cut Embraer from a “neutral” rating to a “sell” rating and increased their target price for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $37.43.

Embraer Stock 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 has a market cap of $6.91 billion, a price-to-earnings ratio of 13.84 and a beta of 1.71. The business has a 50-day simple moving average of $37.16 and a two-hundred day simple moving average of $33.80.

Institutional Investors Weigh In On Embraer

Several hedge funds have recently bought and sold shares of ERJ. Artemis Investment Management LLP bought a new position in Embraer during the 3rd quarter worth $30,358,000. Driehaus Capital Management LLC increased 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 worth $37,141,000 after acquiring an additional 728,592 shares during the period. Jennison Associates LLC raised its stake in Embraer by 102.1% in the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock worth $47,100,000 after purchasing an additional 672,644 shares in the last quarter. Itau Unibanco Holding S.A. boosted its holdings in Embraer by 54.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock valued at $39,343,000 after purchasing an additional 393,696 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of Embraer by 76.5% during the second quarter. Marshall Wace LLP now owns 712,112 shares of the aerospace company’s stock worth $18,372,000 after purchasing an additional 308,729 shares during the period. 34.65% of the stock is currently owned by institutional investors and hedge funds.

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.