Embraer S.A. (ERJ) Forms Bullish Double Top Pattern at $24.93

June 29, 2018 - By Samuel McNeil

Embraer S.A. (NYSE:ERJ) Corporate Logo

Embraer S.A. (ERJ) chart makes a double top chart with $26.43 price target. That’s 6.00 % above today’s $24.93 price per share. The chart reviews low risk. Finviz.com announced the double top chart on Jun, 29. At $26.43 price target, the company’s valuation could be $270.00 million more.

ERJ is touching $24.93 during the last trading session, after decreased 1.62%.Currently Embraer S.A. is uptrending after 26.21% change in last June 29, 2017. ERJ has also 345,375 shares volume. The stock outperformed the S&P 500 by 13.64%.

On July, 27 is anticipated Embraer S.A. (NYSE:ERJ)’s earnings report, as reported by Faxor. Analysts expect change of 32.84 % or $0.22 from previous year’s $0.67 EPS compared to current’s $0.45 EPS. This could be $81.23M profit for ERJ assuming the current $0.45 EPS will become reality. -446.15 % EPS growth is what Wall Street’s forecasts after $-0.13 reported EPS last quarter.

Embraer S.A. (NYSE:ERJ) Ratings Coverage

Total analysts of 3 have positions in Embraer SA (NYSE:ERJ) as follows: 1 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 33%. The firm has $30 highest while $23.5 is the lowest target. The average target $27.17 is 8.99% above the last ($24.93) price. Since January 22, 2018 according to StockzIntelligence Inc Embraer SA has 3 analyst reports. On Friday, March 9 the firm has “Hold” rating given by Scotia Capital. On Friday, March 9 Credit Suisse maintained the shares of ERJ in report with “Outperform” rating. On Monday, January 22 the firm has “Hold” rating given by Cowen & Co.

For more Embraer S.A. (NYSE:ERJ) news announced recently go to: Fool.com, Fool.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Boeing and Embraer Are Closing In on a Commercial Jet Alliance” announced on June 19, 2018, “Can Delta Air Lines and Its Pilots Achieve a Win-Win?” on June 28, 2018, “Wall Street Breakfast: Risk Sentiment Sours Before G7 Summit” with a publish date: June 08, 2018, “Boeing presents at Bernstein Strategic Decisions Conference 2018” and the last “Bloomberg: Embraer, Boeing deal talks in final stage” with publication date: June 12, 2018.

Embraer S.A. (NYSE:ERJ) Analyst Ratings Chart

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