Worth Watching: Embraer SA (ADR) on Focus After Trading At 52-Week Lows

Worth Watching: Embraer SA (ADR) on Focus After Trading At 52 Week Lows

The stock of Embraer SA (ADR) (NYSE:ERJ) hit a new 52-week low and has $16.23 target or 6.00% below today’s $17.27 share price. The 8 months bearish chart indicates high risk for the $3.09 billion company. The 1-year low was reported on Sep, 30 by Barchart.com. If the $16.23 price target is reached, the company will be worth $185.40 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 888,961 shares traded hands. Embraer SA (ADR) (NYSE:ERJ) has declined 41.34% since February 26, 2016 and is downtrending. It has underperformed by 51.76% the S&P500.

Analysts await Embraer SA (ADR) (NYSE:ERJ) to report earnings on October, 25. They expect $0.32 earnings per share, down 17.95% or $0.07 from last year’s $0.39 per share. ERJ’s profit will be $57.26M for 13.49 P/E if the $0.32 EPS becomes a reality. After $0.24 actual earnings per share reported by Embraer SA (ADR) for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

Embraer SA (ADR) (NYSE:ERJ) Ratings Coverage

Out of 5 analysts covering Embraer Sa (NYSE:ERJ), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Embraer Sa has been the topic of 9 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, March 10 by Bank of America. On Monday, May 2 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Goldman Sachs maintained the stock with “Neutral” rating in Monday, May 2 report. The firm earned “Buy” rating on Friday, July 31 by Deutsche Bank. On Monday, June 13 the stock rating was maintained by Deutsche Bank with “Buy”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, July 31 report.

According to Zacks Investment Research, “Embraer Air is a customer-oriented company with experience in designing, manufacturing, selling, and supporting aircraft for the world’s commercial and defense markets. The company ranks among the four largest commercial aircraft manufacturers in the world with a well-established family of regional airliners, ranging from the 30-seat EMB 120 Brasilia turboprop to the 37-seat ERJ 135, the new 44-seat ERJ 140 and the 50-seat ERJ 145 jetliners. In addition, the company have launched a new family of jetliners – the ERJ 170, the ERJ 190-100 and ERJ 190-200.”

More notable recent Embraer SA (ADR) (NYSE:ERJ) news were published by: Fool.com which released: “Embraer SA (ADR) Stock Down 10% on Earnings: Here’s What You Need To Know” on March 03, 2016, also Marketwatch.com with their article: “Embraer upgraded to buy from neutral at BofA Merrill Lynch” published on December 22, 2009, Fool.com published: “Can Embraer SA (ADR) Seize This Enormous Opportunity?” on May 05, 2014. More interesting news about Embraer SA (ADR) (NYSE:ERJ) were released by: Businessfinancenews.com and their article: “Planning to Invest in Embraer? Oppenheimer Just Sold 63 million stakes, Think …” published on March 16, 2016 as well as Investorplace.com‘s news article titled: “Why AbbVie Inc (ABBV), Greif, Inc. (GEF) and Embraer SA (ADR) (ERJ) Are 3 of …” with publication date: March 05, 2015.

ERJ Company Profile

Embraer S.A. (Embraer), incorporated on May 23, 2006, produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. The Company’s divisions include Commercial aviation business, Defense and security business, Executive Jet business and Other.

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