Embraer SA (ERJ) Stock Price Up 2%
Shares of Embraer SA (NYSE:ERJ) shot up 2% during trading on Thursday . The company traded as high as $18.09 and last traded at $17.97, with a volume of 524,176 shares trading hands. The stock had previously closed at $17.61.
A number of brokerages have recently commented on ERJ. HSBC lowered Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research note on Monday, August 1st. Drexel Hamilton reaffirmed a “hold” rating on shares of Embraer SA in a research note on Tuesday, July 12th. Zacks Investment Research lowered Embraer SA from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. Bank of America Corp. raised Embraer SA from a “neutral” rating to a “buy” rating in a research note on Thursday, June 16th. They noted that the move was a valuation call. Finally, Deutsche Bank AG cut their price objective on Embraer SA from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, June 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $27.17.
The firm has a market capitalization of $13.60 billion and a price-to-earnings ratio of 500.27. The firm has a 50 day moving average price of $18.93 and a 200 day moving average price of $22.53.
Embraer SA (NYSE:ERJ) last announced its quarterly earnings data on Friday, July 29th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of $0.50 by $1.04. During the same quarter in the previous year, the business earned $0.71 EPS. The firm earned $1.37 billion during the quarter, compared to analysts’ expectations of $1.44 billion. The company’s revenue was down 9.7% on a year-over-year basis. Analysts anticipate that Embraer SA will post $0.98 EPS for the current year.
Embraer SA (Embraer) produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. The Company’s segments include Commercial aviation business, Defense and security business, Executive Jet business and Other. Its Commercial Aviation business segment mainly involves the development, production and sale of commercial jets, and rendering of support services.