Embraer S.A. (NYSE:ERJ) traded at a new 52-week high today of $16.91. This new high was reached on approximately average trading volume as 3.3 million shares traded hands, while the average 30-day volume is approximately 3.2 million shares.
In the past 52 weeks, shares of Embraer S.A. have traded between a low of $3.96 and a high of $16.91 and is now at $16.62, which is 320% above that low price.
Embraer SA based in Sao Paulo, Brazil, Embraer manufactures regional aircraft, business jets, and defense and security products. The company also offers a range of services to support its installed base of hardware. Its defense and security business is currently focused on developing the KC-390 military transport aircraft. The company also produces aircraft systems and structural components. It operates through the following segments; Commercial Aviation; Defense and Security; Executive Jets and Service and Support. The company generates maximum revenue from Commercial Aviation segment.
There is potential upside of 36.5% for shares of Embraer S.A. based on a current price of $16.62 and an average consensus analyst price target of $22.69.
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