Merrill Lynch analyst Ronald Epstein reiterated a Buy rating on Embraer SA (NYSE: ERJ) today and set a price target of $37. The company’s shares opened today at $23.68.
Epstein has an average return of 7.2% when recommending Embraer SA.
According to TipRanks.com, Epstein is ranked #3301 out of 4835 analysts.
Currently, the analyst consensus on Embraer SA is a Moderate Buy with an average price target of $31.33, implying a 32.3% upside from current levels. In a report issued on July 5, Credit Suisse also maintained a Buy rating on the stock with a $29 price target.
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Based on Embraer SA’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $12.35 million. In comparison, last year the company had a net profit of $59.27 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.
