Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $56.65 and traded as high as $65.05. Embraer-Empresa Brasileira de Aeronautica shares last traded at $65.1750, with a volume of 646,716 shares.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ERJ. Wolfe Research raised Embraer-Empresa Brasileira de Aeronautica from a “peer perform” rating to an “outperform” rating and set a $64.00 price target on the stock in a research note on Thursday, July 31st. Bank of America upped their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Wednesday, October 8th. Zacks Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Embraer-Empresa Brasileira de Aeronautica has an average rating of “Moderate Buy” and an average price target of $63.86.

Embraer-Empresa Brasileira de Aeronautica Stock Down 0.1%

The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.58. The firm’s fifty day moving average price is $62.40 and its 200-day moving average price is $56.65. The company has a market cap of $11.97 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 6.09 and a beta of 1.82.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. Sell-side analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Embraer-Empresa Brasileira de Aeronautica declared that its board has authorized a stock buyback plan on Thursday, November 6th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

Several hedge funds have recently bought and sold shares of the stock. GQG Partners LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at approximately $276,246,000. JPMorgan Chase & Co. raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 654.5% during the first quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company’s stock worth $161,737,000 after acquiring an additional 3,036,797 shares during the period. Nuveen LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at $84,931,000. Invesco Ltd. boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 116.8% in the 1st quarter. Invesco Ltd. now owns 2,678,821 shares of the aerospace company’s stock worth $123,762,000 after purchasing an additional 1,443,186 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 80.1% during the 1st quarter. AQR Capital Management LLC now owns 1,433,113 shares of the aerospace company’s stock worth $66,210,000 after purchasing an additional 637,585 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

About Embraer-Empresa Brasileira de Aeronautica

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.