Deutsche Bank Maintains Embraer SA (ADR) to Buy with Price Target $30.00

Brokerage firm Deutsche Bank Maintains its rating on Embraer SA (ADR)(NYSE:ERJ). In a research note issued to the investors, the brokerage major Lowers the price-target to $30.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Jun 13, 2016.

In a different note, On May 2, 2016, Goldman Sachs said it Maintains its rating on Embraer SA (ADR). In the research note, the firm Lowers the price-target to $27.00 per share. The shares have been rated ‘Neutral’ by the firm.

Embraer SA (ADR) (ERJ) made into the market gainers list on Fridays trading session with the shares advancing 0.43% or 0.09 points. Due to strong positive momentum, the stock ended at $21.01, which is also near the day’s high of $21.47. The stock began the session at $21.32 and the volume stood at 10,74,117 shares. The 52-week high of the shares is $32.5 and the 52 week low is $19.63. The company has a current market capitalization of $3,871 M and it has 18,42,37,830 shares in outstanding.

Embraer SA (ADR)(ERJ) last announced its earnings results on Apr 29, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.31B. Analysts had an estimated revenue of $1.22B. Earnings per share were $0.57. Analysts had estimated an EPS of $0.33.

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.

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