Embraer-Empresa Brasileira de Aeronautica (ERJ) : 2 brokerage houses believe that Embraer-Empresa Brasileira de Aeronautica (ERJ) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Embraer-Empresa Brasileira de Aeronautica (ERJ). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.5.
Embraer-Empresa Brasileira de Aeronautica (ERJ) : The consensus price target for Embraer-Empresa Brasileira de Aeronautica (ERJ) is $27.74 for the short term with a standard deviation of $1.79. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $30, however, the pessimist price target for the company is $25.
Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ): The stock opened at $21.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $21.34 for the day. The stock traded down to $20.89 during the day, due to lack of any buying support eventually closed down at $21.30 with a loss of -0.51% for the day. The stock had closed at $21.41 on the previous day. The total traded volume was 548,652 shares.
Also, In a research note released to the investors, Deutsche Bank maintains its rating on Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Deutsche Bank lowers the new price target from $33 per share to $30 per share. The rating by the firm was issued on June 13, 2016. The company shares have dropped -27.77% from its 1 Year high price. On Dec 3, 2015, the shares registered one year high at $32.50 and the one year low was seen on Jun 14, 2016. The 50-Day Moving Average price is $21.21 and the 200 Day Moving Average price is recorded at $25.10.
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.