Stock of The Day: Could Embraer SA (ADR) See a Reversal After This Very Strong Session?

Stock of The Day: Could Embraer SA (ADR) See a Reversal After This Very Strong Session?

The stock of Embraer SA (ADR) (NYSE:ERJ) is a huge mover today! About 3.07M shares traded hands or 149.59% up from the average. Embraer SA (ADR) (NYSE:ERJ) has declined 28.90% since March 10, 2016 and is downtrending. It has underperformed by 36.42% the S&P500.
The move comes after 5 months positive chart setup for the $3.32B company. It was reported on Oct, 13 by We have $26.31 PT which if reached, will make NYSE:ERJ worth $1.53 billion 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 $58.96 million for 14.08 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 6 analysts covering Embraer Sa (NYSE:ERJ), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Embraer Sa has been the topic of 11 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Monday, May 2, the company rating was maintained by RBC Capital Markets. Deutsche Bank maintained Embraer SA (ADR) (NYSE:ERJ) rating on Friday, July 31. Deutsche Bank has “Buy” rating and $35 price target. Goldman Sachs maintained it with “Neutral” rating and $26 target price in Monday, May 2 report. Deutsche Bank maintained the shares of ERJ in a report on Monday, June 13 with “Buy” rating. The rating was initiated by JP Morgan with “Overweight” on Thursday, October 6. The rating was upgraded by Goldman Sachs to “Buy” on Thursday, October 13. The firm earned “Buy” rating on Thursday, March 10 by Bank of America. RBC Capital Markets maintained Embraer SA (ADR) (NYSE:ERJ) on Friday, July 31 with “Sector Perform” rating.

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: which released: “Embraer upgraded to buy from neutral at BofA Merrill Lynch” on December 22, 2009, also with their article: “Embraer SA (ADR) Stock Down 10% on Earnings: Here’s What You Need To Know” published on March 03, 2016, 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: and their article: “Planning to Invest in Embraer? Oppenheimer Just Sold 63 million stakes, Think …” published on March 16, 2016 as well as‘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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