The stock of Embraer SA (ADR) (NYSE:ERJ) is a huge mover today! About 552,935 shares traded hands. Embraer SA (ADR) (NYSE:ERJ) has declined 42.41% since February 29, 2016 and is downtrending. It has underperformed by 54.63% the S&P500.
The move comes after 9 months positive chart setup for the $3.18B company. It was reported on Oct, 3 by Barchart.com. We have $25.23 PT which if reached, will make NYSE:ERJ worth $1.40B more.
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 $58.08M for 13.69 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 rating was maintained by Deutsche Bank with “Buy” on Monday, June 13. The stock of Embraer SA (ADR) (NYSE:ERJ) earned “Sector Perform” rating by RBC Capital Markets on Monday, May 2. The company was maintained on Friday, July 31 by RBC Capital Markets. The stock has “Buy” rating given by Bank of America on Thursday, March 10. The firm has “Buy” rating by Deutsche Bank given on Friday, July 31. The firm has “Neutral” rating by Goldman Sachs given on Monday, May 2.
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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