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

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

Analysts Set New Price Targets

ERJ has been the subject of a number of analyst reports. TD Cowen raised Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Bank of America upped their price target on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. Finally, UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and upped their target price for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus 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 current ratio of 1.56 and a quick ratio of 0.76. The business’s 50 day moving average price is $37.16 and its 200 day moving average price is $33.80. The stock has a market capitalization of $6.91 billion, a P/E ratio of 13.84 and a beta of 1.71.

Institutional Trading of Embraer

Several large investors have recently modified their holdings of ERJ. Artemis Investment Management LLP purchased a new position in Embraer in the third quarter worth about $30,358,000. Driehaus Capital Management LLC lifted its stake in shares of Embraer by 102.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock worth $37,141,000 after purchasing an additional 728,592 shares during the period. Jennison Associates LLC boosted its holdings in shares of Embraer by 102.1% in the third quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock worth $47,100,000 after buying an additional 672,644 shares during the last quarter. Itau Unibanco Holding S.A. grew its position in Embraer by 54.8% during the third quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock valued at $39,343,000 after buying an additional 393,696 shares during the period. Finally, Marshall Wace LLP increased its holdings in Embraer by 76.5% during the second quarter. Marshall Wace LLP now owns 712,112 shares of the aerospace company’s stock valued at $18,372,000 after buying an additional 308,729 shares during the last quarter. Institutional investors own 34.65% of the company’s stock.

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.