Analyst Price Target Update on Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) shares are expected to touch $27.89 in the short term. This short term price target has been shared by 7 analysts. However, the standard deviation of short term price estimate has been valued at 2.02. The target price could hit $31 on the higher end and $25 on the lower end.

Many analysts have stated their opinion on the company shares. Goldman Sachs maintains their rating on the shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ). The current rating of the shares is Neutral. Equity Analysts at the Firm lowers the price target to $26 per share from $27 per share. The rating by the firm was issued on May 2, 2016. Company shares have received an average consensus rating of Hold for the current week

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.04 points or 0.2% at $20.47 with 1,279,536 shares getting traded. Post opening the session at $20.04, the shares hit an intraday low of $20.03 and an intraday high of $20.52 and the price was in this range throughout the day. The company has a market cap of $3,771 million and the number of outstanding shares have been calculated to be 184,237,830 shares. The 52-week high of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) is $32.5 and the 52-week low is $20.03.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *