Embraer-Empresa Brasileira de Aeronautica (ERJ) has risen sharply, recording gains of 4% in the past 4 weeks. However, the stock has corrected -2.19% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.15% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.91% and the 50-Day Moving Average is 3.05%.The 200 Day SMA reached 21.87% Embraer S.A. has dropped 10.7% during the last 3-month period . Year-to-Date the stock performance stands at -36.38%.
Embraer-Empresa Brasileira de Aeronautica (ERJ) : The highest level Embraer-Empresa Brasileira de Aeronautica (ERJ) is projected to reach is $29 for the short term and the lowest estimate is at $18. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $24.83 and the possibility the share price can swing is $4.62.
Company shares have received an average consensus rating of Hold for the current week Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ): stock was range-bound between the intraday low of $18.68 and the intraday high of $19.13 after having opened at $19.09 on Fridays session. The stock finally closed in the red at $19.09, a loss of -1.73%. The stock remained in the red for the whole trading day. The total traded volume was 929,183 shares. The stock failed to cross $19.13 in Fridays trading. The stocks closing price on Thursday was $18.72.
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.