Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.5 by 8 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 6 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Brokerage firm Deutsche Bank maintains its rating on Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ). As per the latest information, the brokerage house lowers the price target to $30 per share from a prior target of $33. The shares have been rated Buy. The rating by the firm was issued on June 13, 2016.
Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ): The mean short term price target for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) has been established at $28.15 per share. The higher price target estimate is at $31 and the lower price target estimate is expected at $25 according to 8 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $2.02
Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) rose 2.08% or 0.4371 points on Tuesday and made its way into the gainers of the day. After trading began at $21.35 the stock was seen hitting $21.61 as a peak level and $21.03 as the lowest level. The stock ended up at $21.45. The daily volume was measured at 1,079,471 shares. The 52-week high of the share price is $32.5 and the 52-week low is $19.63. The company has a market cap of $3,952 million.
Shares of Embraer S.A. appreciated by 7.84% during the last five trading days but lost 0.14% on a 4-week basis. Embraer S.A. has dropped 16.7% during the last 3-month period . Year-to-Date the stock performance stands at -27.26%.
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.