Analysts Update Their Price Forecasts For Embraer S.A. ADR (ERJ)

Embraer S.A. ADR (ERJ) concluded trading on Thursday at a closing price of $29.92, with 2.47 million shares of worth about $73.94 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 72.05% during that period and on August 08, 2024 the price saw a gain of about 10.49%. Currently the company’s common shares owned by public are about 183.66M shares, out of which, 183.65M shares are available for trading.

Stock saw a price change of 1.77% in past 5 days and over the past one month there was a price change of 1.77%. Year-to-date (YTD), ERJ shares are showing a performance of 62.17% which increased to 102.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.48 but also hit the highest price of $31.40 during that period. The average intraday trading volume for Embraer S.A. ADR shares is 1.83 million. The stock is currently trading 2.98% above its 20-day simple moving average (SMA20), while that difference is up 5.71% for SMA50 and it goes to 32.73% higher than SMA200.

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Embraer S.A. ADR (NYSE: ERJ) currently have 183.66M outstanding shares and institutions hold larger chunk of about 35.72% of that.

The stock has a current market capitalization of $5.50B and its 3Y-monthly beta is at 1.70. PE ratio of stock for trailing 12 months is 20.96, while it has posted earnings per share of $1.43 in the same period. Its PEG reads 1.23 and has Quick Ratio of 0.71 while making debt-to-equity ratio of 0.98. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ERJ, volatility over the week remained 5.83% while standing at 4.37% over the month.

Stock’s fiscal year EPS is expected to rise by 65.96% while it is estimated to increase by 29.22% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on March 26, 2024 offering a Neutral rating for the stock and assigned a target price range of between $21 and $28.50 to it. Coverage by HSBC Securities stated Embraer S.A. ADR (ERJ) stock as a Hold in their note to investors on February 06, 2024, suggesting a price target of $19 for the stock. On October 16, 2023, Citigroup Upgrade their recommendations, while on January 09, 2023, UBS Initiated their ratings for the stock with a price target of $14. Stock get an Outperform rating from Wolfe Research on October 11, 2022.

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