Embraer SA (NYSE:ERJ) has been upgraded from Neutral to Buy in a statement by Goldman Sachs earlier today.
- Updated: October 13, 2016
Goldman Sachs has upgraded Embraer SA (NYSE:ERJ) from Neutral to Buy in a statement released on 10/13/2016.
Having a price of $17.17, Embraer SA (NYSE:ERJ) traded -1.72% lower on the day. With the last stock price close down -17.60% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. ERJ has recorded a 50-day average of $18.21 and a two hundred day average of $20.84. Trade Volume was down over the average, with 905,976 shares of ERJ changing hands under the typical 1,352,580
Recent Performance Chart
Embraer SA has PE ratio of 464.05 with a one year low of $17.06 and a one year high of $32.50 and has a market capitalization of $0.
A total of 17 firms have issued a report on the stock. 1 firm rating the stock a strong buy, 5 firms rating the stock a buy, 11 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $29.56.
General Information About Embraer SA (NYSE:ERJ)
Embraer SA is a Brazil-based company that produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. The Company's segments include Commercial aviation business, Defense and security business, Executive Jet business and Other. Its Commercial Aviation business segment mainly involves the development, production and sale of commercial jets, and rendering of support services. Its Executive Aviation business segment markets its executive jets to companies, including fractional ownership companies, charter and air-taxi companies, and high-net-worth individuals. The Company's Defense and Security Business segment conceives, designs, develops, manufactures and supports a range of integrated solutions for the defense and security market. The Company's Other Related Businesses segment provides fuel systems, structural parts, and mechanical and hydraulic systems to Sikorsky Aircraft Corporation for its production of helicopters.
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