Embraer Receives Average Recommendation of “Hold” from Brokerages (NYSE:ERJ)
Embraer (NYSE:ERJ) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the company, Analyst Ratings News reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $38.63.
Shares of Embraer (NYSE:ERJ) traded up 0.33% on Friday, hitting $33.78. The stock had a trading volume of 248,033 shares. Embraer has a one year low of $28.31 and a one year high of $39.47. The stock’s 50-day moving average is $32.32 and its 200-day moving average is $32.45. The company has a market cap of $6.172 billion and a P/E ratio of 29.56.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Embraer in a research note on Wednesday, February 5th. They now have a $32.00 price target on the stock. Analysts at Credit Suisse initiated coverage on shares of Embraer in a research note on Monday, January 27th. They set an “underperform” rating on the stock.
Embraer-Empresa Brasileira de Aeronautica SA (NYSE:ERJ) is engaged in the manufacturing of commercial aircraft.
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