Booming Commercial Jet Deliveries Boost Embraer
The airline industry has seen unprecedented success in recent years, and that has prompted many airlines to make major capital commitments to update their aging fleets. With its emphasis on smaller regional jet aircraft, Embraer (NYSE: ERJ) has done a good job of picking up its fair share of demand. Yet the stock has gotten hit hard by weak economic conditions in its home country of Brazil, and shareholders have wondered if they should give up hope that the aircraft manufacturer will be able to catch up with much better performance from larger industry peers.
Coming into the jet maker's second-quarter financial report, Embraer investors wanted to see big gains in sales and a turnaround on the bottom line. Embraer posted much better performance than most had expected, and unexpectedly large numbers of jet deliveries in the commercial segment pointed to the potential for a strong rebound for the rest of the year. Let's look more closely at Embraer and its latest results.
Image source: Embraer.
Source: Fool.com
Embraer S.A. ADR Stock
Currently there is a rather positive sentiment for Embraer S.A. ADR with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 34 € shows a slightly positive potential of 14.09% compared to the current price of 29.8 € for Embraer S.A. ADR.
