Cowen & Co. analyst Cai Rumohr maintained a Hold rating on Embraer SA (ERJ) today and set a price target of $24. The company’s shares closed yesterday at $22.80.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 10.9% and a 60.7% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and Spirit AeroSystems.
Currently, the analyst consensus on Embraer SA is a Hold with an average price target of $23.85, a 4.6% upside from current levels. In a report released yesterday, Morgan Stanley also downgraded the stock to Hold with a $23.70 price target.
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Based on Embraer SA’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $21.22 million. In comparison, last year the company had a net profit of $35.67 million.
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Embraer SA engages in the design, manufacture, and sale of aircraft and its parts for commercial, defense, and executive aviation sectors. It operates through the following segments: Commercial Aviation, Defense and Security, Executive Aviation, and Others.
