The stock of Embraer SA (ADR) (NYSE:ERJ) is a huge mover today! About 749,683 shares traded hands. Embraer SA (ADR) (NYSE:ERJ) has declined 23.67% since March 15, 2016 and is downtrending. It has underperformed by 29.15% the S&P500.
The move comes after 8 months positive chart setup for the $3.76B company. It was reported on Oct, 18 by Barchart.com. We have $29.78 PT which if reached, will make NYSE:ERJ worth $1.92B more.
Analysts await Embraer SA (ADR) (NYSE:ERJ) to report earnings on October, 25. They expect $0.32 EPS, down 17.95% or $0.07 from last year’s $0.39 per share. ERJ’s profit will be $61.01M for 15.41 P/E if the $0.32 EPS becomes a reality. After $0.24 actual EPS reported by Embraer SA (ADR) for the previous quarter, Wall Street now forecasts 33.33% EPS growth.
Embraer SA (ADR) (NYSE:ERJ) Ratings Coverage
Out of 6 analysts covering Embraer Sa (NYSE:ERJ), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Embraer Sa has been the topic of 11 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Embraer SA (ADR) (NYSE:ERJ) has “Buy” rating given on Thursday, March 10 by Bank of America. Goldman Sachs maintained the stock with “Neutral” rating in Monday, May 2 report. RBC Capital Markets maintained Embraer SA (ADR) (NYSE:ERJ) rating on Monday, May 2. RBC Capital Markets has “Sector Perform” rating and $28 price target. The firm earned “Buy” rating on Friday, July 31 by Deutsche Bank. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, July 31 report. The rating was maintained by Deutsche Bank on Monday, June 13 with “Buy”. On Thursday, October 6 the stock rating was initiated by JP Morgan with “Overweight”. The firm has “Buy” rating by Goldman Sachs given on Thursday, October 13.
According to Zacks Investment Research, “Embraer Air is a customer-oriented company with experience in designing, manufacturing, selling, and supporting aircraft for the world’s commercial and defense markets. The company ranks among the four largest commercial aircraft manufacturers in the world with a well-established family of regional airliners, ranging from the 30-seat EMB 120 Brasilia turboprop to the 37-seat ERJ 135, the new 44-seat ERJ 140 and the 50-seat ERJ 145 jetliners. In addition, the company have launched a new family of jetliners – the ERJ 170, the ERJ 190-100 and ERJ 190-200.”
More recent Embraer SA (ADR) (NYSE:ERJ) news were published by: Marketwatch.com which released: “Embraer S/A upgraded to buy from neutral at Goldman Sachs” on December 22, 2009. Also Fool.com published the news titled: “Embraer SA (ADR) Stock Down 10% on Earnings: Here’s What You Need To Know” on March 03, 2016. Fool.com‘s news article titled: “Can Embraer SA (ADR) Seize This Enormous Opportunity?” with publication date: May 05, 2014 was also an interesting one.
ERJ Company Profile
Embraer S.A. (Embraer), incorporated on May 23, 2006, produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. The Company’s divisions include Commercial aviation business, Defense and security business, Executive Jet business and Other.
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