Embraer SA (ERJ) Receives a Rating Update from a Top Analyst

In a report released today, Cai Rumohr from Cowen & Co. maintained a Hold rating on Embraer SA (ERJResearch Report), with a price target of $24. The company’s shares closed last Monday at $18.43.

According to TipRanks.com, Rumohr is a top 100 analyst with an average return of 14.0% and a 69.7% 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 $24.

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Based on Embraer SA’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $6.66 million. In comparison, last year the company had a GAAP net loss of $129 million.

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