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

June 29, 2018 - By Daniel Cummings

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%.Embraer S.A. has volume of 345,375 shares. Since June 29, 2017 ERJ has risen 26.21% and is uptrending. ERJ outperformed by 13.64% the S&P500.

Earnings report for Embraer S.A. (NYSE:ERJ) is anticipated on July, 27., RTT reports. Analysts have expectation on stock’s EPS of $0.45. That’s down 32.84 % from last year’s $0.67 EPS. If the current EPS of $0.45 is accurate, ERJ’s profit could hit $81.23M. Last quarter $-0.13 EPS was reported. Analysts predicts -446.15 % EPS growth this quarter.

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

A total of 3 analysts rate Embraer SA (NYSE:ERJ) as follows: 1 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 33% are bullish. The firm has $30 highest and $23.5 lowest target. The avg target $27.17 is 8.99% above the last ($24.93) price. (NYSE:ERJ) has 3 ratings reports on Jun 29, 2018 according to StockzIntelligence. In Friday, March 9 report Credit Suisse maintained it with “Outperform” rating and $30 target. On Friday, March 9 the firm has “Hold” rating given by Scotia Capital. On Monday, January 22 the rating was maintained by Cowen & Co with “Hold”.

For more Embraer S.A. (NYSE:ERJ) news released recently go to: Seekingalpha.com, Fool.com, Fool.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Boeing presents at Bernstein Strategic Decisions Conference 2018” released on May 31, 2018, “Can Delta Air Lines and Its Pilots Achieve a Win-Win?” on June 28, 2018, “Boeing and Embraer Are Closing In on a Commercial Jet Alliance” with a publish date: June 19, 2018, “Wall Street Breakfast: Risk Sentiment Sours Before G7 Summit” 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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