Embraer (NYSE:ERJ) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Embraer S.A. (NYSE:ERJ - Get Free Report) shares 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 trading hands.

Analyst Upgrades and Downgrades

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

Embraer Price Performance

The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The firm's 50-day moving average price is $37.16 and its two-hundred day moving average price is $33.80. The stock has a market cap of $6.91 billion, a PE ratio of 13.84 and a beta of 1.71.

Institutional Investors Weigh In On Embraer

Hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. acquired a new stake in Embraer in the second quarter valued at approximately $41,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Embraer during the 2nd quarter valued at $55,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock worth $59,000 after purchasing an additional 456 shares in the last quarter. Signaturefd LLC grew its stake in Embraer by 7.9% during the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company's stock worth $201,000 after buying an additional 414 shares during the last quarter. Finally, Brendel Financial Advisors LLC acquired a new position in Embraer during the 3rd quarter valued at about $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.