Key Highlights:
- Embraer (ERJ, Financial) delivers impressive growth with a 30% increase in Q2 aircraft deliveries.
- SAS's significant order for up to 55 aircraft bolsters Embraer's market standing.
- Wall Street analysts maintain a slightly cautious outlook despite strong market performance.
Embraer's Impressive Delivery Surge
Embraer (ERJ) has reported a remarkable 30% year-over-year increase in its Q2 aircraft deliveries, which totaled 61 units. This growth comprised 19 commercial jets and 38 executive jets, marking a significant milestone for the Brazilian manufacturer. Furthermore, Embraer's strategic position in the market was strengthened by securing an order from Scandinavian Airlines (SAS) for up to 55 aircraft.
Wall Street Analysts Forecast
According to projections from 10 analysts, Embraer SA (ERJ, Financial) is expected to have an average price target of $55.90 over the next year, with estimates ranging from a high of $65.00 to a low of $37.00. This suggests a potential downside of 5.84% from its current trading price of $59.37. Further details and estimates are available on the Embraer SA (ERJ) Forecast page.
Analyst Recommendations and GF Value Insights
Embraer SA (ERJ, Financial) has been rated with an average brokerage recommendation of 2.2, reflecting an "Outperform" status as per consensus from 13 brokerage firms. This rating is part of a scale where 1 indicates a Strong Buy and 5 suggests a Sell.
In terms of valuation, GuruFocus estimates the GF Value for Embraer SA (ERJ, Financial) at $27.42 for the next year. This represents a potential downside of 53.82% from its current trading price of $59.37. The GF Value is determined by analyzing historical trading multiples, past business growth trajectories, and projected future performance. For more comprehensive data, visit the Embraer SA (ERJ) Summary page.
