Goldman Sachs Group Inc. upgraded Embraer SA (ADR) (NYSE:ERJ) to Buy in a report released today.
- Updated: October 12, 2016
Goldman Sachs Group Inc. has upgraded Embraer SA (ADR) (NYSE:ERJ) to Buy in a report released on 10/12/2016.
Just yesterday Embraer SA (ADR) (NYSE:ERJ) traded -1.72% lower at $17.17. Embraer SA (ADR)’s 50-day moving average is $18.21 and its 200-day moving average is $20.84. The last stock price is down -17.60% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 905,976 shares of ERJ traded hands, down from an average trading volume of 1,352,580
Recent Performance Chart
Embraer SA (ADR) has 52 week low of $17.06 and a 52 week high of $32.50 with a PE ratio of 464.05 and has a market capitalization of $0.
In addition to Goldman Sachs Group Inc. reporting its stock price target, a total of 17 brokerages have issued a ratings update on the company. The average stock price target is $29.56 with 1 brokerage rating the stock a strong buy, 5 brokerages rating the stock a buy, 11 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Embraer SA (ADR) (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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