Embraer SA Receives Consensus Recommendation of “Hold” from Analysts (NYSE:ERJ)
Shares of Embraer SA (NYSE:ERJ) have received a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, American Banking News.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $41.02.
Embraer SA (NYSE:ERJ) opened at 38.40 on Tuesday. Embraer SA has a 1-year low of $28.31 and a 1-year high of $40.37. The stock’s 50-day moving average is $38.76 and its 200-day moving average is $36.05. The company has a market cap of $7.044 billion and a price-to-earnings ratio of 12.27.
Embraer SA (NYSE:ERJ) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.07. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.68 billion. The company’s quarterly revenue was up 13.1% on a year-over-year basis. On average, analysts predict that Embraer SA will post $2.52 earnings per share for the current fiscal year.
A number of research firms have recently commented on ERJ. Analysts at Zacks reiterated a “neutral” rating on shares of Embraer SA in a research note on Thursday, August 14th. They now have a $41.00 price target on the stock. Analysts at Deutsche Bank raised their price target on shares of Embraer SA from $40.00 to $44.00 in a research note on Monday, June 23rd. They now have a “buy” rating on the stock.
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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