Scotiabank Upgrades Embraer to Outperform (ERJ)
Embraer (NYSE:ERJ) was upgraded by research analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a report released on Friday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on ERJ. Analysts at RBC Capital reiterated an “outperform” rating on shares of Embraer in a research note to investors on Wednesday. They now have a $42.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Embraer in a research note to investors on Friday, October 18th. They now have a $34.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $40.29.
Embraer (NYSE:ERJ) opened at 30.06 on Friday. Embraer has a 52-week low of $24.28 and a 52-week high of $39.47. The stock has a 50-day moving average of $33.18 and a 200-day moving average of $34.83. The company has a market cap of $5.483 billion and a P/E ratio of 24.93.
Embraer-Empresa Brasileira de Aeronautica SA (NYSE:ERJ) is engaged in the manufacturing of commercial aircraft.
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