Embraer-Empresa Brasileira de Aeronautica (ERJ) has been under a strong bear grip, hence the stock is down -16.75% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.39% in the past 1 week. The stock has risen by 0.82% in the past week indicating that the buyers are active at lower levels, but the stock is down -14.68% in the past 4 weeks.
Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.31 and $18.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.42, notching a gain of 1.26% for the day. The total traded volume was 1,653,278 . The stock had closed at $18.19 on the previous day.
The stock has recorded a 20-day Moving Average of 9.93% and the 50-Day Moving Average is 11.75%. Embraer S.A. has dropped 15.47% during the last 3-month period . Year-to-Date the stock performance stands at -37.4%.
Embraer-Empresa Brasileira de Aeronautica (ERJ) : Currently there are 6 street experts covering Embraer-Empresa Brasileira de Aeronautica (ERJ) stock. The most bullish and bearish price target for the stock is $29 and $18 respectively for the short term. The average price target of all the analysts comes to $25.17. The estimated standard deviation from the target is $4.36.
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.