Embraer SA (ADR) (ERJ) is Upgraded by BofA/Merrill to Buy

Embraer SA (ADR) (ERJ) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Jun 16, 2016.

Many Wall Street Analysts have commented on Embraer SA (ADR). Shares were Reiterated by RBC Capital Mkts on May 2, 2016 to “Sector Perform” and Lowered the Price Target to $ 28 from a previous price target of $30 .

On the company’s financial health, Embraer SA (ADR) reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.40 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.17. The company had revenue of $1309.00 million for the quarter, compared to analysts expectations of $1250.41 million. The company’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.34 EPS.

Embraer SA (ADR) opened for trading at $20 and hit $20.38 on the upside on Wednesday, eventually ending the session at $20.07, with a gain of 0.90% or 0.18 points. The heightened volatility saw the trading volume jump to 11,85,983 shares. Company has a market cap of $3,698 M.

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.

Embraer SA (ADR)

Leave a Reply

Embraer SA (ADR) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Embraer SA (ADR). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.