Analyst Rating Update on Embraer-Empresa Brasileira de Aeronautica (ERJ)

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) : Zacks Investment Research ranks Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.5, which indicates as a Buy.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) : The consensus price target for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) is $28.15 for the short term with a standard deviation of $2.02. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $31, however, the pessimist price target for the company is $25.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Deutsche Bank maintains the rating on Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $33 per share to $30 per share. The rating by the firm was issued on June 13, 2016.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ): stock turned positive on Tuesday. Though the stock opened at $21.3, the bulls momentum made the stock top out at $21.5 level for the day. The stock recorded a low of $20.925 and closed the trading day at $21.09, in the green by 0.48%. The total traded volume for the day was 953,920. The stock had closed at $20.99 in the previous days trading.

Embraer S.A. (Embraer) produces aircraft for commercial and executive aviation, and for defense and security purposes. The Company operates through four segments: Commercial aviation business, Defense and security business, Executive Jets business and Other. The Commercial Aviation business involves the development, production and sale of commercial jets, and rendering of support services. The Defense and security business operations mainly involve research, development, production, modification and support for military defense and security aircraft, as well as a range of products and integrated solutions. The Executive Aviation market operations are constituted by development, production and sale of executive jets, as well as by providing support services and aircraft operational leasing. The Other segment supplies structural parts and mechanical and hydraulic systems, and produces agricultural crop-spraying aircraft.

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