The stock of Embraer SA (ADR) (NYSE:ERJ) is a huge mover today! About 1.31 million shares traded hands. Embraer SA (ADR) (NYSE:ERJ) has declined 24.27% since March 29, 2016 and is downtrending. It has underperformed by 27.75% the S&P500.
The move comes after 6 months positive chart setup for the $3.96B company. It was reported on Oct, 31 by Barchart.com. We have $26.02 PT which if reached, will make NYSE:ERJ worth $871.20M more.
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 12 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, May 2 by Goldman Sachs. JP Morgan initiated the stock with “Overweight” rating in Thursday, October 6 report. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, July 31. RBC Capital Markets maintained it with “Sector Perform” rating and $28 target price in Monday, May 2 report. The firm has “Outperform” rating given on Tuesday, October 18 by Cowen & Co. The firm has “Buy” rating by Goldman Sachs given on Thursday, October 13. Bank of America downgraded the shares of ERJ in a report on Thursday, March 10 to “Buy” rating. Deutsche Bank maintained Embraer SA (ADR) (NYSE:ERJ) rating on Friday, July 31. Deutsche Bank has “Buy” rating and $35 price target. The rating was maintained by Deutsche Bank on Monday, June 13 with “Buy”.
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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