Embraer SA Given New $44.00 Price Target at Deutsche Bank (ERJ)
Analysts at Deutsche Bank lifted their target price on shares of Embraer SA (NYSE:ERJ) from $40.00 to $44.00 in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 21.65% from the company’s current price.
Shares of Embraer SA (NYSE:ERJ) traded up 1.24% on Monday, hitting $36.62. 390,527 shares of the company’s stock traded hands. Embraer SA has a 52-week low of $28.31 and a 52-week high of $39.47. The stock’s 50-day moving average is $35.55 and its 200-day moving average is $33.81. The company has a market cap of $6.713 billion and a price-to-earnings ratio of 15.19.
Embraer SA (NYSE:ERJ) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.14. On average, analysts predict that Embraer SA will post $2.47 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Thursday, July 24th. Stockholders of record on Thursday, June 26th will be paid a dividend of $0.0899 per share. This represents a dividend yield of 0.34%. The ex-dividend date is Tuesday, June 24th.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Embraer SA in a research note on Tuesday, June 3rd. They now have a $41.10 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Embraer SA in a research note on Friday, May 2nd. They now have a $36.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Embraer SA in a research note on Thursday, May 1st. They now have a $38.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $40.18.
Embraer SA is a Brazil-based holding company primarily engaged in the manufacture of aircrafts. The Company’s business activities are divided into three business segments: Commercial Aviation; Defense and Security Business, and Executive Aviation.
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